Y Intercept Hong Kong Ltd Acquires 6,052 Shares of FTI Consulting, Inc. $FCN

Y Intercept Hong Kong Ltd raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 76.7% during the second quarter, Holdings Channel.com reports. The fund owned 13,946 shares of the business services provider’s stock after buying an additional 6,052 shares during the period. Y Intercept Hong Kong Ltd’s holdings in FTI Consulting were worth $2,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in FTI Consulting by 0.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider’s stock valued at $560,375,000 after acquiring an additional 28,968 shares during the period. Victory Capital Management Inc. increased its holdings in shares of FTI Consulting by 11.0% in the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider’s stock worth $254,288,000 after purchasing an additional 153,523 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FTI Consulting by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider’s stock worth $122,929,000 after purchasing an additional 48,211 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FTI Consulting by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider’s stock worth $72,484,000 after purchasing an additional 2,952 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in shares of FTI Consulting by 10.4% in the first quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider’s stock worth $70,698,000 after purchasing an additional 40,546 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. Truist Financial reduced their target price on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, FTI Consulting presently has a consensus rating of “Hold” and a consensus target price of $169.00.

Insider Buying and Selling

In related news, CEO Steven Henry Gunby purchased 7,500 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average price of $151.12 per share, for a total transaction of $1,133,400.00. Following the completion of the transaction, the chief executive officer owned 294,007 shares in the company, valued at approximately $44,430,337.84. The trade was a 2.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.79% of the company’s stock.

FTI Consulting Trading Down 1.7%

FCN opened at $165.34 on Friday. The firm has a market cap of $5.11 billion, a P/E ratio of 21.06 and a beta of 0.16. FTI Consulting, Inc. has a 12 month low of $149.31 and a 12 month high of $209.13. 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 50-day moving average of $162.38 and a 200 day moving average of $164.21.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, October 23rd. The business services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $1.93 by $0.67. The company had revenue of $956.17 million during the quarter, compared to analyst estimates of $941.19 million. FTI Consulting had a return on equity of 14.49% and a net margin of 7.20%.The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.85 earnings per share. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its board has approved a stock 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 buy up to 9.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

FTI Consulting Company 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.