United Services Automobile Association Purchases New Position in FTI Consulting, Inc. $FCN

Key Points

• United Services Automobile Association has acquired a new stake in FTI Consulting, Inc., purchasing 2,327 shares valued at approximately $377,000 during the first quarter.
• FTI Consulting reported earnings of $2.13 per share for the last quarter, exceeding analysts' expectations of $1.87, although revenue decreased by 0.6% year-over-year.
• Institutional investors collectively own 99.36% of FTI Consulting's shares, reflecting significant hedge fund interest in the company.

United Services Automobile Association purchased a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,327 shares of the business services provider's stock, valued at approximately $377,000.

Several other hedge funds have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of FTI Consulting by 0.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider's stock worth $560,375,000 after acquiring an additional 28,968 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of FTI Consulting by 11.0% in the first 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 last quarter. Dimensional Fund Advisors LP boosted its position in shares of FTI Consulting by 6.9% in the first 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 last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FTI Consulting by 0.7% in the first 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 last quarter. Finally, Van Berkom & Associates Inc. boosted its position in shares of FTI Consulting by 10.4% in the first 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 last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Trading Up 0.0%

Shares of FCN traded up $0.07 during mid-day trading on Wednesday, hitting $163.96. The company had a trading volume of 19,131 shares, compared to its average volume of 358,972. The business's 50-day simple moving average is $167.21 and its 200-day simple moving average is $164.81. 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 1-year low of $151.75 and a 1-year high of $231.65. The stock has a market cap of $5.31 billion, a PE ratio of 23.09 and a beta of 0.21.

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 (EPS) for the quarter, topping 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 analysts' expectations of $928.38 million. During the same period last year, the company earned $2.34 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. Sell-side analysts forecast 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.