Greenvale Capital LLP Purchases 39,780 Shares of FTI Consulting, Inc. $FCN

Greenvale Capital LLP boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 11.0% in the second quarter, Holdings Channel.com reports. The firm owned 400,000 shares of the business services provider’s stock after buying an additional 39,780 shares during the quarter. FTI Consulting comprises approximately 5.5% of Greenvale Capital LLP’s investment portfolio, making the stock its 11th largest position. Greenvale Capital LLP’s holdings in FTI Consulting were worth $64,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. TT International Asset Management LTD purchased a new stake in shares of FTI Consulting in the second quarter worth $3,461,000. Sequoia Financial Advisors LLC boosted its stake in FTI Consulting by 76.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,181 shares of the business services provider’s stock worth $675,000 after purchasing an additional 1,807 shares in the last quarter. FORA Capital LLC purchased a new stake in FTI Consulting during the 1st quarter valued at about $683,000. Ameriprise Financial Inc. increased its stake in FTI Consulting by 5.4% during the 1st quarter. Ameriprise Financial Inc. now owns 291,600 shares of the business services provider’s stock valued at $47,846,000 after purchasing an additional 14,898 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of FTI Consulting by 45.3% in the first quarter. Hsbc Holdings PLC now owns 12,702 shares of the business services provider’s stock worth $2,083,000 after buying an additional 3,963 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of FCN opened at $166.44 on Wednesday. The firm has a market cap of $5.14 billion, a PE ratio of 21.20 and a beta of 0.11. FTI Consulting, Inc. has a 1-year low of $149.31 and a 1-year high of $204.76. 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 firm has a fifty day simple moving average of $162.30 and a two-hundred day simple moving average of $164.04.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data 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%.FTI Consulting’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. On average, equities analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its board has authorized a share 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 buy up to 9.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FCN shares. Wall Street Zen upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of FTI Consulting in a research note on Wednesday, October 8th. Finally, Truist Financial dropped their price objective on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $169.00.

Insider Activity

In other FTI Consulting news, CEO Steven Henry Gunby purchased 7,500 shares of FTI Consulting stock in a transaction dated Friday, October 24th. The stock was purchased at an average price of $151.12 per share, with a total value of $1,133,400.00. Following the transaction, the chief executive officer directly owned 294,007 shares of the company’s stock, valued at $44,430,337.84. This trade represents a 2.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.79% of the stock is currently owned by corporate insiders.

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.