State of Wyoming bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) in the second quarter, HoldingsChannel.com reports. The firm bought 5,822 shares of the business services provider’s stock, valued at approximately $868,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of FTI Consulting by 44.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,634,051 shares of the business services provider’s stock valued at $279,145,000 after buying an additional 503,885 shares in the last quarter. Black Creek Investment Management Inc. boosted its stake in FTI Consulting by 60.0% in the fourth quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider’s stock valued at $183,172,000 after acquiring an additional 402,008 shares in the last quarter. Norges Bank purchased a new position in FTI Consulting in the fourth quarter worth $61,137,000. M&T Bank Corp increased its position in shares of FTI Consulting by 10,081.4% during the fourth quarter. M&T Bank Corp now owns 321,731 shares of the business services provider’s stock worth $54,961,000 after purchasing an additional 318,571 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of FTI Consulting by 435.9% during the second quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock worth $49,056,000 after purchasing an additional 247,066 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently commented on FCN. Weiss Ratings lowered FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Truist Financial upped their target price on FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, FTI Consulting presently has a consensus rating of “Hold” and an average target price of $174.50.
FTI Consulting Stock Down 1.2%
NYSE:FCN opened at $151.51 on Friday. The company has a market cap of $4.18 billion, a PE ratio of 18.32 and a beta of -0.05. FTI Consulting, Inc. has a twelve month low of $137.65 and a twelve month high of $189.30. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $155.11 and its two-hundred day moving average is $163.54.
FTI Consulting (NYSE:FCN – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The company had revenue of $993.46 million for the quarter, compared to analyst estimates of $992.75 million. FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Analysts anticipate that FTI Consulting, Inc. will post 9.25 EPS for the current year.
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 purchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors 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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