The Manufacturers Life Insurance Company purchased a new position in FTI Consulting, Inc. (NYSE:FCN – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,495 shares of the business services provider’s stock, valued at approximately $3,054,000. The Manufacturers Life Insurance Company owned 0.07% of FTI Consulting as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of FCN. Sanctuary Advisors LLC bought a new position in FTI Consulting in the 2nd quarter valued at $481,000. Neumeier Poma Investment Counsel LLC purchased a new stake in FTI Consulting in the second quarter worth $44,699,275. Vista Investment Management bought a new stake in shares of FTI Consulting during the second quarter worth $370,000. Quantbot Technologies LP bought a new stake in shares of FTI Consulting during the second quarter worth $231,000. Finally, Evolve Private Wealth LLC purchased a new stake in shares of FTI Consulting during the second quarter valued at $469,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.
FTI Consulting Trading Up 0.3%
Shares of NYSE FCN opened at $151.08 on Wednesday. FTI Consulting, Inc. has a twelve month low of $137.65 and a twelve month high of $189.30. The firm has a market cap of $4.17 billion, a PE ratio of 18.27 and a beta of -0.05. The business has a fifty day simple moving average of $155.11 and a two-hundred day simple moving average of $161.52. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.76.
FTI Consulting announced that its board has approved a stock repurchase plan on Friday, June 5th that allows the company to repurchase $370.00 million in shares. This repurchase authorization allows the business services provider to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. 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 shares of FTI Consulting in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $174.50.
View Our Latest Report on FTI Consulting
FTI Consulting 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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