VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.89 Million in FTI Consulting, Inc. $FCN

Key Points

• Virginia Retirement Systems acquired 26,083 shares of FTI Consulting worth approximately $3.89 million, while institutional investors collectively own 99.36% of the company.
• Analysts maintain a consensus “Hold” rating with a $174.50 price target; FTI Consulting shares recently opened at $150.77, below both their 50-day and 200-day moving averages.
• FTI Consulting narrowly missed quarterly earnings expectations, reporting $2.16 in EPS on $993.46 million in revenue, while revenue increased 5.3% year over year. The company also authorized a $370 million share repurchase program.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,083 shares of the business services provider's stock, valued at approximately $3,887,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.09% of FTI Consulting as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Diamond Hill Capital Management Inc. raised its holdings in shares of FTI Consulting by 36.6% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 211,015 shares of the business services provider's stock valued at $36,048,000 after purchasing an additional 56,586 shares during the period. Black Creek Investment Management Inc. boosted its position in shares of FTI Consulting by 60.0% during the 4th quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider's stock worth $183,172,000 after purchasing an additional 402,008 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of FTI Consulting during the 2nd quarter worth about $28,307,000. WINTON GROUP Ltd acquired a new stake in shares of FTI Consulting in the 4th quarter valued at about $7,530,000. Finally, Marks Group Wealth Management Inc grew its stake in shares of FTI Consulting by 59.5% in the 1st quarter. Marks Group Wealth Management Inc now owns 37,144 shares of the business services provider's stock valued at $6,566,000 after buying an additional 13,856 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research note on Tuesday, May 19th. Weiss Ratings cut FTI Consulting from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $174.50.

FTI Consulting Stock Performance

Shares of FCN opened at $150.77 on Thursday. The stock has a 50 day moving average of $155.59 and a 200 day moving average of $161.07. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 18.23 and a beta of -0.05. FTI Consulting, Inc. has a 12 month low of $137.65 and a 12 month high of $189.30. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). The business had revenue of $993.46 million during the quarter, compared to analysts' expectations of $992.75 million. FTI Consulting had a return on equity of 15.91% and a net margin of 6.44%.The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.13 EPS. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 9.25 earnings per share for the current year.

FTI Consulting announced that its board has initiated a share repurchase program on Friday, June 5th that authorizes the company to buyback $370.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

FTI Consulting Profile

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company's primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.

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