TT International Asset Management LTD Sells 5,673 Shares of FTI Consulting, Inc. $FCN

TT International Asset Management LTD trimmed its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 26.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,758 shares of the business services provider’s stock after selling 5,673 shares during the period. FTI Consulting accounts for about 0.4% of TT International Asset Management LTD’s investment portfolio, making the stock its 22nd biggest holding. TT International Asset Management LTD’s holdings in FTI Consulting were worth $2,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Corient Private Wealth LLC grew its holdings in FTI Consulting by 4.1% during the 2nd quarter. Corient Private Wealth LLC now owns 4,045 shares of the business services provider’s stock worth $653,000 after acquiring an additional 160 shares during the period. National Wealth Management Group LLC grew its stake in shares of FTI Consulting by 12.0% during the second quarter. National Wealth Management Group LLC now owns 2,362 shares of the business services provider’s stock worth $381,000 after purchasing an additional 253 shares during the period. Squarepoint Ops LLC increased its holdings in FTI Consulting by 1,039.6% in the second quarter. Squarepoint Ops LLC now owns 31,602 shares of the business services provider’s stock valued at $5,104,000 after purchasing an additional 28,829 shares during the last quarter. State of Wyoming lifted its stake in FTI Consulting by 36.7% in the second quarter. State of Wyoming now owns 1,986 shares of the business services provider’s stock valued at $321,000 after buying an additional 533 shares during the period. Finally, Evergreen Capital Management LLC acquired a new position in FTI Consulting in the second quarter valued at about $228,000. 99.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FCN has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FTI Consulting in a research note on Wednesday, October 8th. Truist Financial decreased their price objective on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Finally, Wall Street Zen raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, FTI Consulting has an average rating of “Hold” and an average price target of $169.00.

FTI Consulting Trading Down 0.1%

NYSE FCN opened at $170.53 on Tuesday. FTI Consulting, Inc. has a one year low of $149.31 and a one year high of $204.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $5.27 billion, a P/E ratio of 21.72 and a beta of 0.11. The stock’s 50-day moving average is $162.99 and its 200-day moving average is $164.14.

FTI Consulting (NYSE:FCN) last posted its 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. The business had revenue of $956.17 million during the quarter, compared to analysts’ expectations of $941.19 million. FTI Consulting had a return on equity of 14.49% and a net margin of 7.20%.FTI Consulting’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. 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 of Directors has authorized a share buyback program on Tuesday, October 21st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the business services provider to purchase up to 9.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, CEO Steven Henry Gunby acquired 7,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 294,007 shares of the company’s stock, valued at approximately $44,430,337.84. The trade was a 2.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.79% of the stock is owned by corporate insiders.

About FTI Consulting

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.