FTI Consulting, Inc. $FCN Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in FTI Consulting, Inc. (NYSE:FCN) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,231 shares of the business services provider’s stock after selling 10,970 shares during the period. Federated Hermes Inc.’s holdings in FTI Consulting were worth $17,156,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FCN. Norges Bank bought a new position in FTI Consulting during the 2nd quarter valued at $65,039,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of FTI Consulting by 1,668.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider’s stock worth $50,891,000 after purchasing an additional 292,615 shares during the period. Invesco Ltd. raised its holdings in shares of FTI Consulting by 435.9% during the second quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock worth $49,056,000 after purchasing an additional 247,066 shares during the period. Millennium Management LLC bought a new position in shares of FTI Consulting in the 1st quarter worth about $15,802,000. Finally, Boston Partners boosted its holdings in shares of FTI Consulting by 67.3% in the 1st quarter. Boston Partners now owns 226,574 shares of the business services provider’s stock valued at $37,286,000 after buying an additional 91,182 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on FCN. Truist Financial lowered their price objective on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. Wall Street Zen raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of FTI Consulting in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FTI Consulting currently has an average rating of “Hold” and an average price target of $169.00.

Insider Activity

In other FTI Consulting news, CEO Steven Henry Gunby purchased 7,500 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was bought at an average price of $151.12 per share, with a total value of $1,133,400.00. Following the completion of the purchase, the chief executive officer owned 294,007 shares in the company, valued at $44,430,337.84. This trade represents a 2.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.79% of the company’s stock.

FTI Consulting Price Performance

NYSE FCN opened at $166.54 on Thursday. The company has a 50-day moving average price of $162.41 and a two-hundred day moving average price of $164.06. FTI Consulting, Inc. has a 52 week low of $149.31 and a 52 week high of $204.76. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 21.22 and a beta of 0.11. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 23rd. The business services provider reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.67. FTI Consulting had a return on equity of 14.49% and a net margin of 7.20%.The business had revenue of $956.17 million during the quarter, compared to the consensus estimate of $941.19 million. During the same period in the previous year, the firm posted $1.85 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. Analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 21st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 9.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership 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.