Jacobs Levy Equity Management Inc. Purchases 292,615 Shares of FTI Consulting, Inc. $FCN

Key Points

• Jacobs Levy Equity Management Inc. significantly increased its ownership of FTI Consulting stock by 1,668.1% in Q1, now holding 310,157 shares valued at approximately $50.89 million.
• FTI Consulting recently reported an EPS of $2.13 for the last quarter, surpassing analyst expectations of $1.87, despite a year-over-year revenue decline of 0.6%.
• The company has set its FY 2025 earnings per share guidance between $7.800 and $8.400, with analysts forecasting an average of $8.55 EPS for the current fiscal year.

Jacobs Levy Equity Management Inc. lifted its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1,668.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 310,157 shares of the business services provider's stock after acquiring an additional 292,615 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.90% of FTI Consulting worth $50,891,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FCN. Amundi increased its holdings in shares of FTI Consulting by 103,645.0% in the 1st quarter. Amundi now owns 20,749 shares of the business services provider's stock valued at $3,350,000 after purchasing an additional 20,729 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of FTI Consulting in the 1st quarter valued at about $8,422,000. Royal Bank of Canada increased its holdings in shares of FTI Consulting by 7.4% in the 1st quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider's stock valued at $6,860,000 after purchasing an additional 2,889 shares during the period. Quarry LP increased its holdings in shares of FTI Consulting by 207.7% in the 1st quarter. Quarry LP now owns 1,074 shares of the business services provider's stock valued at $176,000 after purchasing an additional 725 shares during the period. Finally, State of Wyoming increased its holdings in shares of FTI Consulting by 5.1% in the 1st quarter. State of Wyoming now owns 1,453 shares of the business services provider's stock valued at $238,000 after purchasing an additional 70 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Down 3.2%

NYSE:FCN traded down $5.28 during mid-day trading on Wednesday, reaching $161.89. The stock had a trading volume of 151,680 shares, compared to its average volume of 361,849. The business's 50 day moving average is $167.33 and its 200 day moving average is $164.85. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $231.65. The stock has a market cap of $5.24 billion, a P/E ratio of 22.80 and a beta of 0.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.26. The firm 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 revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, sell-side analysts predict 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.