Voya Investment Management LLC Has $2.21 Million Stake in FTI Consulting, Inc. $FCN

Key Points

• Voya Investment Management LLC increased its stake in FTI Consulting by 39.2%, now holding 13,457 shares valued at approximately $2.2 million.
• FTI Consulting reported $2.13 EPS, exceeding analyst estimates of $1.87, with revenue of $943.66 million for the quarter.
• The company has a market capitalization of $5.22 billion and a current ratio of 2.11, indicating a strong liquidity position.

Voya Investment Management LLC grew its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 39.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,457 shares of the business services provider's stock after buying an additional 3,787 shares during the period. Voya Investment Management LLC's holdings in FTI Consulting were worth $2,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FTI Consulting during the 1st quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of FTI Consulting during the first quarter worth approximately $33,000. Signaturefd LLC boosted its position in shares of FTI Consulting by 65.3% during the first quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after buying an additional 81 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of FTI Consulting by 26.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider's stock worth $59,000 after purchasing an additional 76 shares in the last quarter. Finally, Curat Global LLC bought a new stake in shares of FTI Consulting during the 1st quarter worth $89,000. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Stock Down 1.3%

Shares of FCN traded down $2.16 during mid-day trading on Monday, hitting $159.58. 409,312 shares of the company's stock were exchanged, compared to its average volume of 298,703. The firm has a fifty day moving average of $166.93 and a two-hundred day moving average of $164.60. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $231.65. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 22.48 and a beta of 0.21. 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 (NYSE:FCN - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $943.66 million during the quarter, compared to analysts' expectations of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.FTI Consulting's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share 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.