Goldman Sachs Group Inc. Has $8.13 Million Position in FTI Consulting, Inc. $FCN

Key Points

• Goldman Sachs Group Inc. reduced its stake in FTI Consulting, Inc. by 85.4%, now owning 49,576 shares valued at approximately $8.13 million as of the latest SEC filing.
• FTI Consulting reported earnings per share (EPS) of $2.13, exceeding analyst expectations by $0.26, but experienced a 0.6% decline in revenue compared to the same quarter last year.
• The company's stock is currently down 1.4% and has fluctuated between a 52-week low of $151.75 and a high of $231.65.

Goldman Sachs Group Inc. trimmed its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 85.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,576 shares of the business services provider's stock after selling 288,986 shares during the period. Goldman Sachs Group Inc. owned approximately 0.14% of FTI Consulting worth $8,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FCN. Jacobs Levy Equity Management Inc. raised its stake in shares of FTI Consulting by 1,668.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider's stock worth $50,891,000 after buying an additional 292,615 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of FTI Consulting by 11.0% during the first 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 last quarter. Millennium Management LLC bought a new stake in shares of FTI Consulting during the first quarter worth approximately $15,802,000. Boston Partners increased its stake in FTI Consulting by 67.3% in the first quarter. Boston Partners now owns 226,574 shares of the business services provider's stock valued at $37,286,000 after purchasing an additional 91,182 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in FTI Consulting in the first quarter valued at approximately $8,422,000. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Up 0.7%

Shares of FTI Consulting stock traded up $1.06 on Tuesday, hitting $164.07. The company had a trading volume of 291,152 shares, compared to its average volume of 254,998. The firm has a market capitalization of $5.31 billion, a P/E ratio of 23.11 and a beta of 0.21. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve 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 stock has a 50-day moving average of $167.21 and a 200-day moving average of $164.81.

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