Raymond James Financial Inc. Decreases Stock Holdings in FTI Consulting, Inc. $FCN

Key Points

• Raymond James Financial Inc. reduced its holdings in FTI Consulting, Inc. by 2.8%, owning approximately 0.41% of the company after selling 4,021 shares during the first quarter.
• FTI Consulting reported earnings of $2.13 per share for the last quarter, exceeding estimates by $0.26, although revenue saw a 0.6% year-over-year decline.
• The company's stock recently opened at $166.93, with a market cap of $5.40 billion and a twelve-month price range between $151.75 and $231.65.

Raymond James Financial Inc. decreased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,044 shares of the business services provider's stock after selling 4,021 shares during the quarter. Raymond James Financial Inc. owned about 0.41% of FTI Consulting worth $23,142,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTI Consulting during the first quarter valued at $30,000. Signaturefd LLC raised its stake in FTI Consulting by 65.3% during 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 in the last quarter. Quarry LP raised its stake in FTI Consulting by 115.4% during 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in FTI Consulting by 26.6% during 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 in the last quarter. Finally, Curat Global LLC purchased a new stake in FTI Consulting during the first quarter valued at $89,000. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Trading Down 0.8%

Shares of FCN opened at $166.9270 on Tuesday. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $231.65. The company has a market cap of $5.40 billion, a P/E ratio of 23.51 and a beta of 0.18. 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's fifty day simple moving average is $165.85 and its 200-day simple moving average is $166.01.

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