FTI Consulting, Inc. $FCN Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in FTI Consulting, Inc. (NYSE:FCN) by 72.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,325 shares of the business services provider’s stock after selling 76,906 shares during the quarter. Federated Hermes Inc. owned about 0.09% of FTI Consulting worth $4,740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in FTI Consulting in the third quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FTI Consulting in the first quarter valued at $33,000. Nomura Asset Management Co. Ltd. boosted its stake in FTI Consulting by 68.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 270 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 110 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in FTI Consulting by 258.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 212 shares during the last quarter. Finally, CWM LLC grew its holdings in FTI Consulting by 72.0% during the 2nd quarter. CWM LLC now owns 332 shares of the business services provider’s stock worth $54,000 after acquiring an additional 139 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FCN shares. Wall Street Zen raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Truist Financial reduced their target price on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of FTI Consulting in a research report on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, FTI Consulting presently has an average rating of “Hold” and a consensus price target of $169.00.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $176.38 on Tuesday. FTI Consulting, Inc. has a 12-month low of $149.31 and a 12-month high of $197.28. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.45 billion, a PE ratio of 22.47 and a beta of 0.08. The stock has a 50 day simple moving average of $173.65 and a 200-day simple moving average of $167.55.

FTI Consulting announced that its board has approved a share repurchase program on Tuesday, October 21st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 9.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.