Mountain Pacific Investment Advisers LLC Sells 82,620 Shares of FTI Consulting, Inc. $FCN

Mountain Pacific Investment Advisers LLC cut its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 77.8% during the third quarter, Holdings Channel reports. The institutional investor owned 23,637 shares of the business services provider’s stock after selling 82,620 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in FTI Consulting were worth $3,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of FTI Consulting by 7.4% in the 1st quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider’s stock worth $6,860,000 after acquiring an additional 2,889 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of FTI Consulting by 4.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,221 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 103 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in FTI Consulting in the first quarter worth $33,000. Millennium Management LLC acquired a new stake in FTI Consulting during the first quarter worth $15,802,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in FTI Consulting by 9.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,716 shares of the business services provider’s stock valued at $21,612,000 after acquiring an additional 10,980 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Trading Up 1.7%

FCN opened at $181.08 on Thursday. 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 stock has a market capitalization of $5.59 billion, a PE ratio of 23.07 and a beta of 0.09. FTI Consulting, Inc. has a 1-year low of $149.31 and a 1-year high of $204.69. The firm has a 50-day moving average price of $171.01 and a two-hundred day moving average price of $166.75.

FTI Consulting (NYSE:FCN) last announced 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 company had revenue of $956.17 million for the quarter, compared to analyst estimates of $941.19 million. FTI Consulting had a net margin of 7.20% and a return on equity of 14.49%. FTI Consulting’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 earnings per share. As a group, equities 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 initiated a stock repurchase plan on Tuesday, October 21st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 9.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO Steven Henry Gunby acquired 7,500 shares of FTI Consulting stock in a transaction on Friday, October 24th. The shares were purchased at an average price of $151.12 per share, with a total value of $1,133,400.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

FCN has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. Wall Street Zen upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Truist Financial decreased their price target on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research note 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, FTI Consulting presently has a consensus rating of “Hold” and a consensus price target of $169.00.

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.