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

Several other hedge funds have also added to or reduced their stakes in the business. Isthmus Partners LLC lifted its holdings in FTI Consulting by 2.7% during the 1st quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider's stock valued at $394,000 after purchasing an additional 63 shares during the last quarter. State of Wyoming lifted its holdings in FTI Consulting by 5.1% during 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 last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in FTI Consulting by 26.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider's stock valued at $59,000 after purchasing an additional 76 shares during the last quarter. Signaturefd LLC lifted its holdings in FTI Consulting by 65.3% during the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Mayfair Advisory Group LLC boosted its stake in FTI Consulting by 7.3% in the 1st quarter. Mayfair Advisory Group LLC now owns 1,309 shares of the business services provider's stock valued at $215,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Stock Performance

FCN traded up $3.08 during trading on Thursday, hitting $164.70. The stock had a trading volume of 119,159 shares, compared to its average volume of 361,139. FTI Consulting, Inc. has a one year low of $151.75 and a one year 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 firm has a market cap of $5.33 billion, a price-to-earnings ratio of 23.20 and a beta of 0.21. The company has a 50 day moving average price of $167.28 and a 200-day moving average price of $164.82.

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, topping analysts' consensus estimates of $1.87 by $0.26. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The company had revenue of $943.66 million during the quarter, compared to the consensus estimate of $928.38 million. During the same quarter last year, the firm earned $2.34 earnings per share. The company's revenue was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current 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.