Kayne Anderson Rudnick Investment Management LLC Increases 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 raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 0.9% during the first 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 accounts for about 1.4% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 19th largest position. Kayne Anderson Rudnick Investment Management LLC owned 9.96% of FTI Consulting worth $560,375,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FCN. Principal Financial Group Inc. increased its holdings in FTI Consulting by 0.4% during the first quarter. Principal Financial Group Inc. now owns 81,271 shares of the business services provider's stock valued at $13,335,000 after buying an additional 302 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTI Consulting during the first quarter worth $30,000. Black Diamond Financial LLC bought a new stake in FTI Consulting during the 1st quarter valued at $328,000. GAMMA Investing LLC boosted its position in FTI Consulting by 7,936.5% during the 1st quarter. GAMMA Investing LLC now owns 39,379 shares of the business services provider's stock valued at $6,461,000 after acquiring an additional 38,889 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of FTI Consulting in the 4th quarter valued at $442,000. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Down 1.0%

Shares of FCN traded down $1.67 during trading hours on Thursday, hitting $168.27. The company had a trading volume of 239,435 shares, compared to its average volume of 368,098. 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 has a market capitalization of $5.45 billion, a PE ratio of 23.70 and a beta of 0.18. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $231.65. The company's fifty day moving average price is $166.12 and its two-hundred day moving average price is $166.04.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data 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 company 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 for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal 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.