FTI Consulting, Inc. $FCN Shares Sold by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System has reduced its stake in FTI Consulting, Inc. by 10%, now owning 36,794 shares valued at approximately $5.94 million.
• FTI Consulting's recent quarterly earnings surpassed expectations with an EPS of $2.13, above the consensus estimate of $1.87, although revenue showed a slight year-over-year decline.
• Wall Street's consensus rating for FTI Consulting is currently a "Hold" with an average price target of $175.50.

New York State Teachers Retirement System cut its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,794 shares of the business services provider's stock after selling 4,075 shares during the period. New York State Teachers Retirement System owned 0.11% of FTI Consulting worth $5,942,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FCN. State of Alaska Department of Revenue increased its stake in FTI Consulting by 130.3% during the first quarter. State of Alaska Department of Revenue now owns 14,316 shares of the business services provider's stock valued at $2,348,000 after purchasing an additional 8,100 shares during the last quarter. Praxis Investment Management Inc. bought a new stake in FTI Consulting during the first quarter valued at $217,000. Lecap Asset Management Ltd. increased its stake in FTI Consulting by 115.7% during the first quarter. Lecap Asset Management Ltd. now owns 10,671 shares of the business services provider's stock valued at $1,751,000 after purchasing an additional 5,724 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in FTI Consulting during the first quarter valued at $30,000. Finally, Teacher Retirement System of Texas increased its stake in FTI Consulting by 1.5% during the first quarter. Teacher Retirement System of Texas now owns 35,433 shares of the business services provider's stock valued at $5,814,000 after purchasing an additional 514 shares during the last quarter. Institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of FTI Consulting in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $175.50.

FTI Consulting Stock Up 0.3%

FTI Consulting stock opened at $152.74 on Tuesday. The company has a 50-day simple moving average of $163.39 and a 200-day simple moving average of $164.07. The firm has a market capitalization of $4.94 billion, a P/E ratio of 21.51 and a beta of 0.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. FTI Consulting, Inc. has a one year low of $149.31 and a one year high of $231.47.

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

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