Kayne Anderson Rudnick Investment Management LLC Boosts Stock Holdings in FTI Consulting, Inc. $FCN

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in FTI Consulting by 0.9% in the first quarter, holding 3,415,254 shares valued at approximately $560.38 million.
• FTI Consulting reported $943.66 million in revenue for its latest quarter, exceeding analysts' expectations, with an earnings per share (EPS) of $2.13, surpassing estimates of $1.87.
• The company's stock has a market capitalization of $5.44 billion and is currently trading at about $168.04, with a 52-week range between $151.75 and $231.65.

Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 0.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,415,254 shares of the business services provider's stock after purchasing an additional 28,968 shares during the period. FTI Consulting makes up approximately 1.4% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 19th biggest holding. Kayne Anderson Rudnick Investment Management LLC owned 9.96% of FTI Consulting worth $560,375,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. GeoWealth Management LLC raised 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 period. Isthmus Partners LLC raised its position in shares of 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 buying an additional 63 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of 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 buying an additional 76 shares during the period. Signaturefd LLC raised its position in shares of 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 buying an additional 81 shares during the period. Finally, Mayfair Advisory Group LLC raised its position in shares of FTI Consulting by 7.3% during the 1st quarter. Mayfair Advisory Group LLC now owns 1,309 shares of the business services provider's stock valued at $215,000 after buying an additional 89 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Trading Up 0.1%

FTI Consulting stock traded up $0.22 during trading on Friday, hitting $168.40. The company had a trading volume of 57,334 shares, compared to its average volume of 366,444. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $231.65. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. The company's 50 day simple moving average is $166.25 and its 200-day simple moving average is $165.86. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 23.72 and a beta of 0.18.

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 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 firm 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 EPS. The firm's revenue for the quarter 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, analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal 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.