OneDigital Investment Advisors LLC bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) during the second quarter, Holdings Channel reports. The fund bought 7,174 shares of the business services provider’s stock, valued at approximately $1,069,000.
Several other hedge funds have also modified their holdings of FCN. IFP Advisors Inc boosted its position in shares of FTI Consulting by 1,666.7% in the 4th quarter. IFP Advisors Inc now owns 159 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Torren Management LLC purchased a new position in FTI Consulting in the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd raised its holdings in FTI Consulting by 1,278.6% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FTI Consulting during the 1st quarter worth about $33,000. Finally, Global Retirement Partners LLC purchased a new stake in FTI Consulting during the second quarter valued at about $37,000. 99.36% of the stock is owned by hedge funds and other institutional investors.
FTI Consulting Trading Down 1.5%
Shares of NYSE:FCN opened at $149.57 on Tuesday. 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 stock has a market capitalization of $4.13 billion, a PE ratio of 18.09 and a beta of -0.05. FTI Consulting, Inc. has a 1 year low of $137.65 and a 1 year high of $189.30. The firm has a fifty day moving average price of $154.93 and a 200 day moving average price of $163.17.
FTI Consulting declared that its Board of Directors has approved a share repurchase program on Friday, June 5th that allows the company to buyback $370.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 7.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Truist Financial raised their price objective on shares of FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Wall Street Zen lowered FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, The Goldman Sachs Group set a $169.00 target price on FTI Consulting in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $174.50.
View Our Latest Analysis on FTI Consulting
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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