Aristotle Capital Boston LLC grew its position in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,987 shares of the business services provider’s stock after acquiring an additional 19,139 shares during the period. Aristotle Capital Boston LLC’s holdings in FTI Consulting were worth $13,664,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of FTI Consulting by 1,666.7% in the fourth quarter. IFP Advisors Inc now owns 159 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Torren Management LLC bought a new position in shares of FTI Consulting in the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd raised its stake in shares of FTI Consulting by 1,278.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 179 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of FTI Consulting in the first quarter valued at approximately $33,000. Finally, Global Retirement Partners LLC bought a new position in shares of FTI Consulting in the fourth quarter valued at approximately $41,000. Institutional investors own 99.36% of the company’s stock.
FTI Consulting Stock Performance
Shares of FTI Consulting stock opened at $151.00 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 2.30. The firm has a market cap of $4.55 billion, a P/E ratio of 17.95 and a beta of -0.05. The firm has a 50 day simple moving average of $165.00 and a 200 day simple moving average of $169.03. FTI Consulting, Inc. has a fifty-two week low of $140.84 and a fifty-two week high of $189.30.
FTI Consulting announced that its board has approved a share repurchase program on Friday, June 5th that allows the company to buyback $370.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
Insiders Place Their Bets
In other FTI Consulting news, CEO Steven Henry Gunby bought 10,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $144.17 per share, with a total value of $1,441,700.00. Following the acquisition, the chief executive officer owned 326,984 shares of the company’s stock, valued at approximately $47,141,283.28. The trade was a 3.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Alderman Linton bought 2,400 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $144.04 per share, with a total value of $345,696.00. Following the acquisition, the insider directly owned 92,824 shares in the company, valued at approximately $13,370,368.96. This trade represents a 2.65% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 14,400 shares of company stock valued at $2,076,576. Company insiders own 1.79% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on FCN shares. Wall Street Zen lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. The Goldman Sachs Group set a $169.00 price target on shares of FTI Consulting in a report on Tuesday, May 19th. Truist Financial raised their price target on shares of FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of FTI Consulting in a report on Monday, March 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, FTI Consulting currently has an average rating of “Hold” and an average price target of $174.50.
Read Our Latest Research Report on FCN
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.
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