California Public Employees Retirement System lowered its position in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 25.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 58,586 shares of the business services provider’s stock after selling 19,597 shares during the quarter. California Public Employees Retirement System’s holdings in FTI Consulting were worth $10,356,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in 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 worth $6,860,000 after acquiring an additional 2,889 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of FTI Consulting by 4.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,221 shares of the business services provider’s stock valued at $364,000 after acquiring an additional 103 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of FTI Consulting during the first quarter worth $33,000. Millennium Management LLC acquired a new position in shares of FTI Consulting during the first quarter worth $15,802,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of FTI Consulting by 9.1% during the first 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 worth $21,612,000 after purchasing an additional 10,980 shares during the period. Institutional investors own 99.36% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on FCN. Wall Street Zen lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research report on Tuesday, May 19th. Truist Financial increased their price target on FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings lowered FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $174.50.
Insider Activity
In other FTI Consulting news, CFO Eun Nam bought 2,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $144.59 per share, for a total transaction of $289,180.00. Following the completion of the acquisition, the chief financial officer owned 21,592 shares in the company, valued at $3,121,987.28. This trade represents a 10.21% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul Alderman Linton bought 2,400 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $144.04 per share, with a total value of $345,696.00. Following the completion of the acquisition, the insider owned 92,824 shares of the company’s stock, valued at $13,370,368.96. This represents a 2.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 14,400 shares of company stock valued at $2,076,576 in the last ninety days. 1.80% of the stock is owned by company insiders.
FTI Consulting Trading Up 1.5%
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 company has a fifty day moving average of $154.42 and a 200-day moving average of $165.77. The stock has a market cap of $4.82 billion, a PE ratio of 19.01 and a beta of -0.04. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.45.
FTI Consulting (NYSE:FCN – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.21). FTI Consulting had a net margin of 6.88% and a return on equity of 15.14%. The firm had revenue of $983.35 million for the quarter, compared to the consensus estimate of $971.17 million. During the same period last year, the company posted $2.29 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. FTI Consulting has set its FY 2026 guidance at 8.900-9.600 EPS. On average, sell-side analysts predict that FTI Consulting, Inc. will post 9.1 EPS for the current year.
FTI Consulting declared that its Board of Directors has initiated a stock buyback program 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 purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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.
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