Price T Rowe Associates Inc. MD Sells 146,850 Shares of FTI Consulting, Inc. $FCN

Key Points

• Price T Rowe Associates Inc. has reduced its stake in FTI Consulting by 21.5%, selling 146,850 shares, while still owning 535,108 shares valued at approximately $87.8 million.
• Other institutional investors have also increased their stakes in FTI Consulting, with Victory Capital Management Inc. boosting its holdings by 11% during the same period.
• FTI Consulting reported earnings of $2.13 per share for the latest quarter, surpassing analyst expectations by $0.26, despite a slight revenue decline of 0.6% year-over-year.

Price T Rowe Associates Inc. MD lowered its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 21.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 535,108 shares of the business services provider's stock after selling 146,850 shares during the period. Price T Rowe Associates Inc. MD owned 1.56% of FTI Consulting worth $87,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in FTI Consulting by 11.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after acquiring an additional 153,523 shares during the period. Dimensional Fund Advisors LP increased its stake in FTI Consulting by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider's stock worth $122,929,000 after acquiring an additional 48,211 shares during the period. Charles Schwab Investment Management Inc. increased its stake in FTI Consulting by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider's stock worth $72,484,000 after acquiring an additional 2,952 shares during the period. Van Berkom & Associates Inc. increased its stake in FTI Consulting by 10.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider's stock worth $70,698,000 after acquiring an additional 40,546 shares during the period. Finally, Northern Trust Corp increased its stake in FTI Consulting by 20.7% during the 4th quarter. Northern Trust Corp now owns 357,614 shares of the business services provider's stock worth $68,351,000 after acquiring an additional 61,278 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

FTI Consulting stock opened at $166.9270 on Tuesday. The stock's fifty day moving average price is $165.85 and its two-hundred day moving average price is $166.01. 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 $5.40 billion, a PE ratio of 23.51 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $928.38 million. During the same quarter last year, the company posted $2.34 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, research 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.

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