FTI Consulting, Inc. $FCN Shares Purchased by Ethic Inc.

Key Points

• Ethic Inc. increased its position in FTI Consulting by 113.1% during the first quarter, holding 3,762 shares valued at approximately $617,000.
• FTI Consulting's quarterly earnings beat estimates with reported $2.13 EPS compared to the expected $1.87, alongside revenue of $943.66 million.
• The company has authorized a stock repurchase plan of $400 million, allowing it to buy back up to 6.9% of its outstanding shares, indicating confidence in the value of its stock.

Ethic Inc. lifted its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 113.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,762 shares of the business services provider's stock after purchasing an additional 1,997 shares during the quarter. Ethic Inc.'s holdings in FTI Consulting were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FCN. Barclays PLC grew its stake in FTI Consulting by 22.4% in the fourth quarter. Barclays PLC now owns 31,747 shares of the business services provider's stock worth $6,068,000 after purchasing an additional 5,818 shares in the last quarter. GeoWealth Management LLC lifted its holdings in shares of FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock valued at $35,000 after buying an additional 57 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of FTI Consulting by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 701,033 shares of the business services provider's stock valued at $133,987,000 after buying an additional 23,784 shares during the period. MetLife Investment Management LLC increased its stake in shares of FTI Consulting by 9.2% in the 4th quarter. MetLife Investment Management LLC now owns 19,910 shares of the business services provider's stock valued at $3,805,000 after purchasing an additional 1,676 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of FTI Consulting by 6.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,687 shares of the business services provider's stock valued at $322,000 after purchasing an additional 104 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, William Blair reiterated an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $175.50.

FTI Consulting Stock Down 0.6%

Shares of NYSE FCN traded down $1.0870 during mid-day trading on Friday, hitting $168.0430. The company had a trading volume of 371,201 shares, compared to its average volume of 336,711. The company has a market capitalization of $5.44 billion, a PE ratio of 23.67 and a beta of 0.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $231.65. The business's 50-day simple moving average is $165.75 and its 200 day simple moving average is $166.39.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.26. The company had revenue of $943.66 million during the quarter, compared to the consensus estimate of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.FTI Consulting's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 EPS. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.