Sei Investments Co. grew its holdings in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,707 shares of the business services provider’s stock after purchasing an additional 5,185 shares during the period. Sei Investments Co.’s holdings in FTI Consulting were worth $16,564,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. State of Wyoming boosted its position in shares of FTI Consulting by 46.8% during the first quarter. State of Wyoming now owns 1,681 shares of the business services provider’s stock valued at $297,000 after buying an additional 536 shares during the last quarter. Cetera Investment Advisers lifted its stake in FTI Consulting by 17.1% during the 1st quarter. Cetera Investment Advisers now owns 3,880 shares of the business services provider’s stock valued at $686,000 after acquiring an additional 567 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of FTI Consulting by 0.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,313 shares of the business services provider’s stock valued at $3,237,000 after acquiring an additional 144 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FTI Consulting by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 921,218 shares of the business services provider’s stock valued at $162,836,000 after acquiring an additional 59,524 shares during the last quarter. Finally, Kera Capital Partners Inc. grew its stake in shares of FTI Consulting by 47.4% in the first quarter. Kera Capital Partners Inc. now owns 3,612 shares of the business services provider’s stock worth $638,000 after acquiring an additional 1,162 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.
FTI Consulting Price Performance
Shares of NYSE:FCN opened at $170.51 on Thursday. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 20.27 and a beta of -0.04. The firm has a fifty day moving average price of $155.14 and a 200 day moving average price of $165.46. FTI Consulting, Inc. has a fifty-two week low of $137.65 and a fifty-two week high of $189.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.30 and a current ratio of 2.30.
FTI Consulting declared that its board has approved a share repurchase plan on Friday, June 5th that permits the company to buyback $370.00 million in shares. This buyback authorization permits the business services provider to purchase up to 7.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
Analysts Set New Price Targets
FCN has been the topic of several research reports. Weiss Ratings cut shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. The Goldman Sachs Group set a $169.00 price objective on FTI Consulting in a report on Tuesday, May 19th. 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. Finally, Wall Street Zen downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $174.50.
Check Out Our Latest Research Report on FCN
Insider Activity
In other news, CFO Eun Nam bought 2,000 shares of FTI Consulting stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Alderman Linton bought 2,400 shares of FTI Consulting stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $144.04 per share, for a total transaction of $345,696.00. Following the completion of the acquisition, the insider directly owned 92,824 shares of the company’s stock, valued at approximately $13,370,368.96. The trade was a 2.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 14,400 shares of company stock worth $2,076,576 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.
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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