Vestmark Advisory Solutions Inc. Increases Position in FTI Consulting, Inc. $FCN

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in FTI Consulting, Inc. by 92.9%, owning a total of 47,104 shares worth approximately $7.73 million after purchasing an additional 22,686 shares in the first quarter.
• FTI Consulting reported earnings per share of $2.13, exceeding estimates by $0.26, with quarterly revenue of $943.66 million, marking a 0.6% decline from the previous year.
• The company announced a stock repurchase plan allowing for the buyback of up to $400 million of its outstanding shares, which is indicative of confidence in its valuation by the board of directors.

Vestmark Advisory Solutions Inc. lifted its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 92.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,104 shares of the business services provider's stock after buying an additional 22,686 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.14% of FTI Consulting worth $7,729,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTI Consulting in the first quarter worth about $30,000. Signaturefd LLC raised its stake in shares of FTI Consulting by 65.3% in the first quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after purchasing an additional 81 shares during the last quarter. GeoWealth Management LLC lifted its stake in FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock valued at $35,000 after acquiring an additional 57 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of FTI Consulting by 26.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider's stock worth $59,000 after acquiring an additional 76 shares during the period. Finally, Quarry LP raised its stake in FTI Consulting by 115.4% during the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after buying an additional 187 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $175.50.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded up $0.9910 during trading on Tuesday, reaching $168.8410. 163,116 shares of the stock traded hands, compared to its average volume of 371,223. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 23.78 and a beta of 0.18. The business has a fifty day simple moving average of $165.11 and a two-hundred day simple moving average of $166.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly 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 firm had revenue of $943.66 million during the quarter, compared to the consensus estimate of $928.38 million. During the same quarter in the previous year, the firm posted $2.34 earnings per share. The company's 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 expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

FTI Consulting Company 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.