Engineers Gate Manager LP Purchases New Shares in FTI Consulting, Inc. $FCN

Key Points

• Engineers Gate Manager LP bought 8,366 shares of FTI Consulting in the second quarter, valued at approximately $1.25 million. Institutional investors collectively own 99.36% of the company.
• FTI Consulting reported quarterly revenue of $993.46 million, up 5.3% year over year, while EPS of $2.16 narrowly missed analysts’ $2.17 estimate. The company reaffirmed fiscal 2026 EPS guidance of $8.70–$9.30.
• The board authorized a $370 million share-repurchase program, allowing buybacks of up to 7.9% of outstanding shares. Analysts maintain a consensus “Hold” rating with an average price target of $174.50, compared with a recent share price of $140.98.

Engineers Gate Manager LP acquired a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,366 shares of the business services provider's stock, valued at approximately $1,247,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. increased its stake in FTI Consulting by 36.6% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 211,015 shares of the business services provider's stock worth $36,048,000 after acquiring an additional 56,586 shares during the period. Black Creek Investment Management Inc. lifted its position in shares of FTI Consulting by 60.0% during the 4th quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider's stock valued at $183,172,000 after acquiring an additional 402,008 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of FTI Consulting during the 2nd quarter worth $28,307,000. WINTON GROUP Ltd acquired a new position in FTI Consulting in the fourth quarter valued at about $7,530,000. Finally, Marks Group Wealth Management Inc lifted its position in FTI Consulting by 59.5% during the first quarter. Marks Group Wealth Management Inc now owns 37,144 shares of the business services provider's stock worth $6,566,000 after purchasing an additional 13,856 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Price Performance

Shares of FCN opened at $140.98 on Friday. The business has a 50-day simple moving average of $154.59 and a two-hundred day simple moving average of $160.47. The stock has a market cap of $3.89 billion, a PE ratio of 17.05 and a beta of -0.05. FTI Consulting, Inc. has a 12-month low of $137.65 and a 12-month high of $189.30. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.76.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, July 30th. The business services provider reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). The business had revenue of $993.46 million for the quarter, compared to analyst estimates of $992.75 million. FTI Consulting had a return on equity of 15.91% and a net margin of 6.44%.The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 earnings per share. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Analysts anticipate that FTI Consulting, Inc. will post 9.25 earnings per share for the current fiscal year.

FTI Consulting announced that its board has authorized a share repurchase plan on Friday, June 5th that permits the company to buyback $370.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 7.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of FTI Consulting from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, FTI Consulting presently has a consensus rating of "Hold" and an average price target of $174.50.

FTI Consulting Company Profile

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