Dimensional Fund Advisors LP raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) by 6.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 921,218 shares of the business services provider’s stock after acquiring an additional 59,524 shares during the quarter. Dimensional Fund Advisors LP’s holdings in FTI Consulting were worth $162,836,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of FCN. IFP Advisors Inc raised its position in shares of FTI Consulting by 1,666.7% during the 4th quarter. IFP Advisors Inc now owns 159 shares of the business services provider’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Torren Management LLC acquired a new stake in FTI Consulting in the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in FTI Consulting by 1,278.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider’s stock worth $31,000 after buying an additional 179 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in FTI Consulting during the 1st quarter worth approximately $33,000. Finally, Global Retirement Partners LLC purchased a new stake in FTI Consulting during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 99.36% of the company’s stock.
FTI Consulting Stock Performance
FCN opened at $159.86 on Friday. FTI Consulting, Inc. has a twelve month low of $137.65 and a twelve month high of $189.30. The firm has a market capitalization of $4.82 billion, a PE ratio of 19.01 and a beta of -0.04. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $154.42 and its 200 day moving average price is $165.77.
FTI Consulting declared that its Board of Directors has authorized a stock repurchase plan on Friday, June 5th that permits the company to buyback $370.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 7.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of brokerages have commented on FCN. Truist Financial increased their target price on FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a report on Monday, May 4th. Wall Street Zen lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings cut FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group set a $169.00 price objective on FTI Consulting in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.50.
Check Out Our Latest Report on FTI Consulting
Insider Activity
In related news, insider Paul Alderman Linton acquired 2,400 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $144.04 per share, with a total value of $345,696.00. Following the completion of the purchase, the insider owned 92,824 shares of the company’s stock, valued at approximately $13,370,368.96. This represents a 2.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven Henry Gunby bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $144.17 per share, with a total value of $1,441,700.00. Following the completion of the acquisition, the chief executive officer owned 326,984 shares in the company, valued at $47,141,283.28. This represents a 3.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 14,400 shares of company stock worth $2,076,576 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.
About FTI Consulting
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.
Featured Articles
- Five stocks we like better than FTI Consulting
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN – Free Report).
Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.
