FTI Consulting, Inc. $FCN Holdings Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 1,039.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,602 shares of the business services provider’s stock after acquiring an additional 28,829 shares during the quarter. Squarepoint Ops LLC owned 0.10% of FTI Consulting worth $5,104,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming increased its holdings in shares of FTI Consulting by 5.1% during the first quarter. State of Wyoming now owns 1,453 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 70 shares during the period. Coldstream Capital Management Inc. raised its position in shares of FTI Consulting by 4.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,647 shares of the business services provider’s stock worth $266,000 after buying an additional 70 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of FTI Consulting by 4.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,221 shares of the business services provider’s stock worth $364,000 after acquiring an additional 103 shares during the period. Inspire Advisors LLC boosted its holdings in shares of FTI Consulting by 2.9% in the second quarter. Inspire Advisors LLC now owns 3,792 shares of the business services provider’s stock valued at $612,000 after acquiring an additional 107 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of FTI Consulting by 68.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 270 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insider Buying and Selling

In other news, CEO Steven Henry Gunby bought 7,500 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was bought at an average cost of $151.12 per share, for a total transaction of $1,133,400.00. Following the completion of the acquisition, the chief executive officer directly owned 294,007 shares in the company, valued at $44,430,337.84. This represents a 2.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.79% of the company’s stock.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $170.53 on Tuesday. The company has a market capitalization of $5.27 billion, a PE ratio of 21.72 and a beta of 0.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a fifty day moving average of $162.99 and a 200-day moving average of $164.14. FTI Consulting, Inc. has a one year low of $149.31 and a one year high of $204.69.

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

FTI Consulting declared that its board has approved a share repurchase program on Tuesday, October 21st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 9.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial dropped their target price on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. Wall Street Zen upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, FTI Consulting currently has an average rating of “Hold” and an average price target of $169.00.

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.