Northern Trust Corp Sells 3,524 Shares of FTI Consulting, Inc. $FCN

Key Points

• Northern Trust Corp reduced its holdings in FTI Consulting, selling 3,524 shares for a total ownership of 354,090 shares, which represents about 1.03% of the company.
• FTI Consulting reported $2.13 EPS for the last quarter, exceeding estimates by $0.26, with revenues of $943.66 million, slightly down from the previous year.
• The company has set its FY 2025 guidance at 7.800-8.400 EPS, while analysts forecast an average of 8.55 EPS for the current fiscal year.

Northern Trust Corp lessened its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 354,090 shares of the business services provider's stock after selling 3,524 shares during the quarter. Northern Trust Corp owned approximately 1.03% of FTI Consulting worth $58,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCN. Mirae Asset Global Investments Co. Ltd. bought a new position in FTI Consulting during the first quarter valued at approximately $30,000. Signaturefd LLC raised its position in shares of FTI Consulting by 65.3% in the first 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 period. Caitong International Asset Management Co. Ltd raised its position in shares of FTI Consulting by 26.6% in the first 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 period. Quarry LP raised its position in shares of FTI Consulting by 115.4% in the fourth quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after purchasing an additional 187 shares during the period. Finally, Curat Global LLC bought a new position in shares of FTI Consulting in the first quarter valued at approximately $89,000. Institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Performance

Shares of NYSE:FCN traded up $0.39 during trading on Monday, reaching $168.57. The stock had a trading volume of 208,972 shares, compared to its average volume of 291,435. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 23.74 and a beta of 0.21. The stock has a fifty day simple moving average of $166.45 and a two-hundred day simple moving average of $165.33. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $231.65.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $943.66 million for the quarter, compared to the consensus estimate of $928.38 million. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. FTI Consulting's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $2.34 EPS. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share 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.