Quantbot Technologies LP Increases Stock Position in FTI Consulting, Inc. $FCN

Key Points

• Quantbot Technologies LP increased its stake in FTI Consulting by 195.1% in Q1, now holding approximately $2.88 million worth of shares.
• FTI Consulting reported earnings of $2.13 per share for the last quarter, exceeding analysts' expectations by $0.26, despite a slight revenue decline of 0.6% year-over-year.
• The company has authorized a $400 million share repurchase plan, indicating management's belief that its stock is undervalued.

Quantbot Technologies LP grew its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 195.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,526 shares of the business services provider's stock after acquiring an additional 11,587 shares during the quarter. Quantbot Technologies LP owned about 0.05% of FTI Consulting worth $2,876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FCN. GeoWealth Management LLC raised its stake in FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock valued at $35,000 after purchasing an additional 57 shares in the last quarter. Isthmus Partners LLC increased its holdings in shares of FTI Consulting by 2.7% in the 1st quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider's stock worth $394,000 after buying an additional 63 shares during the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Mayfair Advisory Group LLC lifted its holdings 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 worth $215,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, William Blair reissued an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $175.50.

FTI Consulting Trading Down 0.6%

Shares of FTI Consulting stock traded down $1.0870 during trading on Friday, reaching $168.0430. The company's stock had a trading volume of 371,201 shares, compared to its average volume of 336,711. The firm's 50-day moving average is $165.75 and its two-hundred day moving average is $166.39. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 23.67 and a beta of 0.18. 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 (NYSE:FCN - Get Free Report) last released its 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 company 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%.FTI Consulting's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.34 EPS. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current 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.