Amundi Increases Stake in FTI Consulting, Inc. $FCN

Key Points

• Amundi significantly increased its stake in FTI Consulting by 103,645% in Q1, now owning approximately 0.06% of the company, valued at $3.35 million.
• FTI Consulting's stock rose by 3.2% and reported $2.13 EPS for the last quarter, exceeding analysts' expectations of $1.87 EPS.
• The company has set its FY 2025 earnings guidance at $7.800-$8.400 EPS, while current year EPS estimates average at $8.55.

Amundi grew its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 103,645.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 20,749 shares of the business services provider's stock after acquiring an additional 20,729 shares during the period. Amundi owned about 0.06% of FTI Consulting worth $3,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in FTI Consulting by 0.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider's stock worth $560,375,000 after purchasing an additional 28,968 shares during the period. Victory Capital Management Inc. grew its position in shares of FTI Consulting by 11.0% in the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after buying an additional 153,523 shares during the period. Dimensional Fund Advisors LP grew its position in shares of FTI Consulting by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider's stock worth $122,929,000 after buying an additional 48,211 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of FTI Consulting by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider's stock worth $72,484,000 after buying an additional 2,952 shares during the period. Finally, Van Berkom & Associates Inc. grew its holdings in FTI Consulting by 10.4% in the first quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider's stock worth $70,698,000 after purchasing an additional 40,546 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Down 0.6%

FCN traded down $0.91 during midday trading on Wednesday, reaching $162.99. The company's stock had a trading volume of 376,628 shares, compared to its average volume of 254,265. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 22.96 and a beta of 0.21. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $231.65. The stock's 50-day moving average is $167.15 and its 200-day moving average is $164.80.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.26. The company had revenue of $943.66 million for 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%.The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.34 EPS. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, research analysts expect that FTI Consulting, Inc. will post 8.55 EPS 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.