FTI Consulting, Inc. $FCN Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 72.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 29,325 shares of the business services provider’s stock after selling 76,906 shares during the quarter. Federated Hermes Inc.’s holdings in FTI Consulting were worth $4,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inspire Advisors LLC raised its stake in shares of FTI Consulting by 1.7% in the 3rd quarter. Inspire Advisors LLC now owns 3,855 shares of the business services provider’s stock worth $623,000 after buying an additional 63 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in 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 period. SJS Investment Consulting Inc. raised its position in FTI Consulting by 6.1% in the third 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 in the last quarter. CWM LLC lifted its holdings 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 acquiring an additional 97 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of FTI Consulting by 4.9% during 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 in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Price Performance

FCN opened at $176.38 on Tuesday. The stock has a fifty day moving average of $173.65 and a 200-day moving average of $167.55. The firm has a market capitalization of $5.45 billion, a P/E ratio of 22.47 and a beta of 0.08. FTI Consulting, Inc. has a 12-month low of $149.31 and a 12-month high of $197.28. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.29.

FTI Consulting declared that its Board of Directors has authorized a share repurchase plan 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 plans are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of FTI Consulting in a report on Wednesday, December 24th. Wall Street Zen raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Truist Financial reduced their price objective on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.