Retirement Systems of Alabama Buys 17,166 Shares of FTI Consulting, Inc. $FCN

Retirement Systems of Alabama raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 39.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,160 shares of the business services provider’s stock after acquiring an additional 17,166 shares during the quarter. Retirement Systems of Alabama owned approximately 0.19% of FTI Consulting worth $9,716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in FTI Consulting by 0.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider’s stock valued at $560,375,000 after acquiring an additional 28,968 shares in the last quarter. Victory Capital Management Inc. boosted its position in FTI Consulting by 11.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider’s stock valued at $254,288,000 after acquiring an additional 153,523 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FTI Consulting by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider’s stock worth $122,929,000 after purchasing an additional 48,211 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FTI Consulting by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider’s stock worth $72,484,000 after purchasing an additional 2,952 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in shares of FTI Consulting by 10.4% in the 1st quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider’s stock worth $70,698,000 after purchasing an additional 40,546 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

Insider Buying and Selling

In other news, CEO Steven Henry Gunby purchased 7,500 shares of the stock in a transaction on Friday, October 24th. The stock was bought at an average price of $151.12 per share, with a total value of $1,133,400.00. Following the transaction, the chief executive officer owned 294,007 shares in the company, valued at $44,430,337.84. The trade was a 2.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.79% of the company’s stock.

FTI Consulting Stock Performance

Shares of FCN opened at $165.34 on Monday. The stock has a 50-day moving average of $162.38 and a two-hundred day moving average of $164.20. FTI Consulting, Inc. has a one year low of $149.31 and a one year high of $209.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $5.11 billion, a P/E ratio of 21.06 and a beta of 0.16.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 23rd. The business services provider reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.67. FTI Consulting had a return on equity of 14.49% and a net margin of 7.20%.The company had revenue of $956.17 million during the quarter, compared to analysts’ expectations of $941.19 million. During the same quarter in the previous year, the firm posted $1.85 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. As a group, research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its Board of Directors has approved a share buyback program on Tuesday, October 21st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 9.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FCN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a research report on Wednesday, October 8th. Truist Financial lowered their price objective on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $169.00.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.