Pacer Advisors Inc. Buys 4,636 Shares of FTI Consulting, Inc. $FCN

Pacer Advisors Inc. increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 309.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,136 shares of the business services provider’s stock after purchasing an additional 4,636 shares during the quarter. Pacer Advisors Inc.’s holdings in FTI Consulting were worth $992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in FTI Consulting in the second quarter worth $65,039,000. Greenvale Capital LLP increased its position in FTI Consulting by 11.0% during the second quarter. Greenvale Capital LLP now owns 400,000 shares of the business services provider’s stock valued at $64,600,000 after acquiring an additional 39,780 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of FTI Consulting by 9.1% in the second quarter. Ameriprise Financial Inc. now owns 318,061 shares of the business services provider’s stock valued at $51,367,000 after acquiring an additional 26,461 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of FTI Consulting by 1,668.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider’s stock worth $50,891,000 after acquiring an additional 292,615 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of FTI Consulting by 435.9% during the 2nd 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. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insider Activity

In other news, CEO Steven Henry Gunby purchased 7,500 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were purchased at an average price of $151.12 per share, for a total transaction of $1,133,400.00. Following the completion of the purchase, the chief executive officer owned 294,007 shares in the company, valued at approximately $44,430,337.84. This represents a 2.62% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FCN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of FTI Consulting in a report on Wednesday, December 24th. Truist Financial dropped their target price on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. Finally, Wall Street Zen upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $169.00.

FTI Consulting Price Performance

Shares of FCN stock opened at $170.20 on Friday. The company has a market capitalization of $5.26 billion, a P/E ratio of 21.68 and a beta of 0.09. The company’s 50-day simple moving average is $168.01 and its two-hundred day simple moving average is $165.32. FTI Consulting, Inc. has a one year low of $149.31 and a one year high of $204.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.85 and a quick ratio of 1.85.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 23rd. The business services provider reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.67. FTI Consulting had a return on equity of 14.49% and a net margin of 7.20%.The firm had revenue of $956.17 million during the quarter, compared to analyst estimates of $941.19 million. During the same quarter in the previous year, the business earned $1.85 earnings per share. FTI Consulting’s quarterly 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. As a group, equities analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its board has approved a stock repurchase plan on Tuesday, October 21st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the business services provider to buy up to 9.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

FTI Consulting Company 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.