FTI Consulting, Inc. $FCN Holdings Cut by ING Groep NV

ING Groep NV cut its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 42.0% in the 3rd quarter, Holdings Channel reports. The firm owned 24,600 shares of the business services provider’s stock after selling 17,800 shares during the quarter. ING Groep NV’s holdings in FTI Consulting were worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FCN. Inspire Advisors LLC boosted its position in FTI Consulting by 1.7% during the 3rd quarter. Inspire Advisors LLC now owns 3,855 shares of the business services provider’s stock valued at $623,000 after purchasing an additional 63 shares during the period. Coldstream Capital Management Inc. grew its position in shares of FTI Consulting by 4.4% during the second quarter. Coldstream Capital Management Inc. now owns 1,647 shares of the business services provider’s stock worth $266,000 after acquiring an additional 70 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of FTI Consulting by 6.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,277 shares of the business services provider’s stock worth $206,000 after acquiring an additional 73 shares during the period. CWM LLC lifted its position in FTI Consulting by 29.2% in the 3rd quarter. CWM LLC now owns 429 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 97 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in FTI Consulting by 4.9% in the 1st 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 during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on FCN. Weiss Ratings restated a “hold (c)” rating on shares of FTI Consulting in a research report on Wednesday, December 24th. Truist Financial reduced their price target on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. Finally, Wall Street Zen upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $169.00.

FTI Consulting Stock Performance

NYSE:FCN opened at $160.59 on Friday. FTI Consulting, Inc. has a twelve month low of $149.31 and a twelve month high of $195.00. 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 company has a 50-day moving average of $174.69 and a 200-day moving average of $167.75. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 20.46 and a beta of 0.08.

FTI Consulting declared that its board has initiated a stock buyback program on Tuesday, October 21st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 9.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

About FTI Consulting

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.