Dimensional Fund Advisors LP Purchases 48,211 Shares of FTI Consulting, Inc. $FCN

Key Points

• Dimensional Fund Advisors LP has raised its holdings in FTI Consulting, Inc. by 6.9%, now owning about 2.19% of the company, valued at approximately $122.9 million.
• FTI Consulting's board has approved a $400 million share buyback program, indicating belief in the stock's undervaluation.
• Analysts have set a consensus target price of $175.50 for FTI Consulting, with current shares trading around $169.

Dimensional Fund Advisors LP grew its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 749,244 shares of the business services provider's stock after buying an additional 48,211 shares during the period. Dimensional Fund Advisors LP owned 2.19% of FTI Consulting worth $122,929,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FCN. Barclays PLC lifted its position in shares of FTI Consulting by 22.4% during the 4th quarter. Barclays PLC now owns 31,747 shares of the business services provider's stock valued at $6,068,000 after buying an additional 5,818 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of FTI Consulting by 46.0% during 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 last quarter. MetLife Investment Management LLC raised its stake in shares of FTI Consulting by 9.2% during 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 during the period. Tower Research Capital LLC TRC lifted its holdings in FTI Consulting by 6.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,687 shares of the business services provider's stock worth $322,000 after purchasing an additional 104 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in FTI Consulting by 3.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 6,937 shares of the business services provider's stock worth $1,326,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

FCN stock traded up $4.05 during mid-day trading on Wednesday, reaching $170.02. 272,208 shares of the company traded hands, compared to its average volume of 318,133. 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 market capitalization of $5.50 billion, a P/E ratio of 23.95 and a beta of 0.18. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65. The company has a fifty day moving average price of $166.12 and a 200-day moving average price of $166.04.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 12.88% and a net margin of 6.82%.The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.34 EPS. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

About FTI Consulting

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.