Corient Private Wealth LLC boosted its position in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 83.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,712 shares of the business services provider’s stock after purchasing an additional 3,953 shares during the period. Corient Private Wealth LLC’s holdings in FTI Consulting were worth $1,488,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of FTI Consulting by 7.4% during the 1st quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider’s stock valued at $6,860,000 after buying an additional 2,889 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in FTI Consulting in the 1st quarter worth about $33,000. Millennium Management LLC bought a new stake in FTI Consulting in the 1st quarter valued at about $15,802,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in FTI Consulting by 9.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,716 shares of the business services provider’s stock valued at $21,612,000 after acquiring an additional 10,980 shares during the period. 99.36% of the stock is owned by institutional investors.
FTI Consulting Stock Performance
NYSE FCN opened at $149.06 on Wednesday. The company’s 50 day simple moving average is $158.73 and its two-hundred day simple moving average is $167.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 2.30. FTI Consulting, Inc. has a 1 year low of $137.65 and a 1 year high of $189.30. The stock has a market capitalization of $4.49 billion, a PE ratio of 17.72 and a beta of -0.05.
FTI Consulting announced that its board has authorized a stock buyback plan on Friday, June 5th that authorizes the company to buyback $370.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 7.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Analysts Set New Price Targets
FCN has been the subject of a number of research reports. The Goldman Sachs Group set a $169.00 target price on shares of FTI Consulting in a research report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c)” rating on shares of FTI Consulting in a research report on Thursday, June 18th. Wall Street Zen cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Truist Financial raised their price objective on shares of FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $174.50.
Read Our Latest Report on FTI Consulting
Insider Buying and Selling
In other FTI Consulting news, CFO Eun Nam acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $144.59 per share, with a total value of $289,180.00. Following the completion of the acquisition, the chief financial officer owned 21,592 shares of the company’s stock, valued at $3,121,987.28. This trade represents a 10.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Steven Henry Gunby acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $144.17 per share, for a total transaction of $1,441,700.00. Following the completion of the transaction, the chief executive officer owned 326,984 shares of the company’s stock, valued at $47,141,283.28. The trade was a 3.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 14,400 shares of company stock worth $2,076,576 over the last ninety days. 1.79% of the stock is owned by corporate insiders.
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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