Russell Investments Group Ltd. Buys 48,416 Shares of FTI Consulting, Inc. $FCN

Russell Investments Group Ltd. raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 135.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,032 shares of the business services provider's stock after purchasing an additional 48,416 shares during the period. Russell Investments Group Ltd. owned approximately 0.25% of FTI Consulting worth $13,788,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. boosted its stake in FTI Consulting by 2.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 6,525 shares of the business services provider's stock valued at $1,071,000 after purchasing an additional 128 shares during the last quarter. Aigen Investment Management LP purchased a new stake in FTI Consulting during the 1st quarter valued at $765,000. Entropy Technologies LP boosted its stake in FTI Consulting by 284.6% during the 1st quarter. Entropy Technologies LP now owns 13,630 shares of the business services provider's stock valued at $2,236,000 after purchasing an additional 10,086 shares during the last quarter. Invesco Ltd. boosted its stake in FTI Consulting by 0.9% during the 1st quarter. Invesco Ltd. now owns 56,684 shares of the business services provider's stock valued at $9,301,000 after purchasing an additional 478 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in FTI Consulting by 42.3% during the 1st quarter. Benjamin Edwards Inc. now owns 1,544 shares of the business services provider's stock valued at $253,000 after purchasing an additional 459 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

FTI Consulting Stock Performance

Shares of FCN stock traded up $2.5240 on Friday, reaching $171.6540. The stock had a trading volume of 63,578 shares, compared to its average volume of 369,121. The stock has a market cap of $5.55 billion, a P/E ratio of 24.18 and a beta of 0.18. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $231.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. The company has a 50 day simple moving average of $165.61 and a 200 day simple moving average of $166.76.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $928.38 million. During the same period last year, the firm earned $2.34 EPS. FTI Consulting'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. Equities research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has approved a share buyback program on Thursday, April 24th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

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.