KLP Kapitalforvaltning AS Sells 3,100 Shares of FTI Consulting, Inc. $FCN

Key Points

• KLP Kapitalforvaltning AS sold 3,100 shares of FTI Consulting, Inc., reducing its stake by 29.5%, leaving it with 7,400 shares valued at approximately $1,195,000.
• FTI Consulting reported better-than-expected quarterly earnings with an EPS of $2.13, surpassing the consensus estimate of $1.87.
• Currently, FTI Consulting has a Hold rating from analysts with a consensus target price of $175.50.

KLP Kapitalforvaltning AS lessened its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 29.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,400 shares of the business services provider's stock after selling 3,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in FTI Consulting were worth $1,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FCN. SG Americas Securities LLC purchased a new stake in shares of FTI Consulting during the first quarter valued at approximately $942,000. Exchange Traded Concepts LLC boosted its stake in shares of FTI Consulting by 36.6% during the first quarter. Exchange Traded Concepts LLC now owns 4,692 shares of the business services provider's stock valued at $770,000 after purchasing an additional 1,257 shares during the period. Mayfair Advisory Group LLC boosted its stake in shares of FTI Consulting by 7.3% during the first 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. State of Alaska Department of Revenue boosted its stake in shares of FTI Consulting by 130.3% during the first quarter. State of Alaska Department of Revenue now owns 14,316 shares of the business services provider's stock valued at $2,348,000 after purchasing an additional 8,100 shares during the period. Finally, Institute for Wealth Management LLC. purchased a new stake in FTI Consulting in the first quarter worth $457,000. Hedge funds and other institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of FTI Consulting in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, FTI Consulting currently has an average rating of "Hold" and a consensus target price of $175.50.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $157.45 on Wednesday. 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 firm has a market capitalization of $5.09 billion, a P/E ratio of 22.18 and a beta of 0.16. The business has a fifty day simple moving average of $164.64 and a two-hundred day simple moving average of $164.32. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $231.65.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.87 by $0.26. The business had revenue of $943.66 million during the quarter, compared to analyst estimates of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal 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.

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