Bank of New York Mellon Corp boosted its holdings in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 209,668 shares of the business services provider’s stock after buying an additional 4,603 shares during the period. Bank of New York Mellon Corp’s holdings in FTI Consulting were worth $37,063,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SJS Investment Consulting Inc. boosted its stake in shares of FTI Consulting by 5.3% during the first quarter. SJS Investment Consulting Inc. now owns 1,358 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 68 shares in the last quarter. Ethic Inc. increased its stake in shares of FTI Consulting by 4.7% in the fourth quarter. Ethic Inc. now owns 1,938 shares of the business services provider’s stock valued at $331,000 after buying an additional 87 shares during the period. SkyView Investment Advisors LLC raised its holdings in FTI Consulting by 0.9% in the 4th quarter. SkyView Investment Advisors LLC now owns 10,074 shares of the business services provider’s stock valued at $1,721,000 after buying an additional 92 shares during the last quarter. Petros Family Wealth LLC raised its holdings in FTI Consulting by 5.6% in the 1st quarter. Petros Family Wealth LLC now owns 1,727 shares of the business services provider’s stock valued at $305,000 after buying an additional 92 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in FTI Consulting by 2.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,704 shares of the business services provider’s stock worth $599,000 after buying an additional 99 shares during the period. 99.36% of the stock is owned by institutional investors.
FTI Consulting Trading Up 1.5%
Shares of FCN stock opened at $159.86 on Friday. FTI Consulting, Inc. has a 1-year low of $137.65 and a 1-year high of $189.30. 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 stock has a market cap of $4.82 billion, a price-to-earnings ratio of 19.01 and a beta of -0.04. The stock has a 50-day moving average of $154.42 and a 200-day moving average of $165.77.
FTI Consulting declared that its board has initiated a stock repurchase plan on Friday, June 5th that permits the company to repurchase $370.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on FCN shares. Truist Financial boosted their target price 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. Wall Street Zen downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group set a $169.00 price objective on shares of FTI Consulting in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $174.50.
Insiders Place Their Bets
In other news, CEO Steven Henry Gunby acquired 10,000 shares of FTI Consulting stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $144.17 per share, with a total value of $1,441,700.00. Following the purchase, the chief executive officer owned 326,984 shares in the company, valued at $47,141,283.28. This trade represents a 3.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul Alderman Linton acquired 2,400 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $144.04 per share, with a total value of $345,696.00. Following the completion of the transaction, the insider owned 92,824 shares of the company’s stock, valued at $13,370,368.96. This trade represents a 2.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 14,400 shares of company stock worth $2,076,576. 1.80% of the stock is currently owned by insiders.
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.
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