Rhumbline Advisers Sells 3,282 Shares of FTI Consulting, Inc. $FCN

Rhumbline Advisers trimmed its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.3% in the 2nd quarter, Holdings Channel reports. The firm owned 97,499 shares of the business services provider’s stock after selling 3,282 shares during the quarter. Rhumbline Advisers’ holdings in FTI Consulting were worth $15,746,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. TT International Asset Management LTD bought a new position in shares of FTI Consulting during the 2nd quarter worth $3,461,000. Sequoia Financial Advisors LLC grew its holdings in FTI Consulting by 76.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,181 shares of the business services provider’s stock worth $675,000 after acquiring an additional 1,807 shares in the last quarter. Entropy Technologies LP grew its holdings in FTI Consulting by 284.6% during the 1st quarter. Entropy Technologies LP now owns 13,630 shares of the business services provider’s stock worth $2,236,000 after acquiring an additional 10,086 shares in the last quarter. FORA Capital LLC purchased a new position in FTI Consulting during the 1st quarter valued at about $683,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of FTI Consulting in the 1st quarter valued at about $5,251,000. 99.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other FTI Consulting news, CEO Steven Henry Gunby purchased 7,500 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was bought at an average cost of $151.12 per share, for a total transaction of $1,133,400.00. Following the completion of the purchase, the chief executive officer owned 294,007 shares in the company, valued at $44,430,337.84. This represents a 2.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.79% of the company’s stock.

FTI Consulting Trading Down 0.5%

NYSE:FCN opened at $163.15 on Friday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 20.78 and a beta of 0.14. FTI Consulting, Inc. has a 52 week low of $149.31 and a 52 week high of $208.28. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $161.52 and a 200 day moving average of $164.05.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 23rd. The business services provider reported $2.60 earnings per share (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 business had revenue of $956.17 million for the quarter, compared to the consensus estimate of $941.19 million. During the same period in the prior year, the firm posted $1.85 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. As a group, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting declared that its board has initiated a stock buyback plan 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 reacquire up to 9.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

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

FTI Consulting 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.