Amundi Boosts Stock Holdings 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 FTI Consulting, Inc. (NYSE:FCN - Free Report) by 103,645.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,749 shares of the business services provider's stock after purchasing 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 reporting period.

A number of other institutional investors have also added to or reduced their stakes in FCN. Cubist Systematic Strategies LLC bought a new position in shares of FTI Consulting during the 1st quarter worth approximately $8,422,000. Royal Bank of Canada increased its position in shares of FTI Consulting by 7.4% during the first quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider's stock valued at $6,860,000 after acquiring an additional 2,889 shares during the last quarter. Quarry LP lifted its holdings in FTI Consulting by 207.7% during the first quarter. Quarry LP now owns 1,074 shares of the business services provider's stock worth $176,000 after acquiring an additional 725 shares during the period. State of Wyoming boosted its position in FTI Consulting by 5.1% in the first quarter. State of Wyoming now owns 1,453 shares of the business services provider's stock worth $238,000 after purchasing an additional 70 shares during the last quarter. Finally, FORA Capital LLC bought a new position in FTI Consulting in the 1st quarter valued at $683,000. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Performance

Shares of FTI Consulting stock traded up $0.13 during trading hours on Tuesday, hitting $163.14. 100,530 shares of the company's stock traded hands, compared to its average volume of 359,808. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 22.98 and a beta of 0.21. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $231.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The company has a fifty day simple moving average of $167.26 and a 200-day simple moving average of $164.82.

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

FTI Consulting 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.