Parallel Advisors LLC Boosts Stock Position in FTI Consulting, Inc. $FCN

Parallel Advisors LLC lifted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 34.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,309 shares of the business services provider’s stock after buying an additional 336 shares during the period. Parallel Advisors LLC’s holdings in FTI Consulting were worth $211,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of FTI Consulting by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 81,271 shares of the business services provider’s stock worth $13,335,000 after buying an additional 302 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTI Consulting in the 1st quarter worth approximately $30,000. Black Diamond Financial LLC acquired a new stake in FTI Consulting during the 1st quarter valued at $328,000. GAMMA Investing LLC grew its holdings in FTI Consulting by 7,936.5% during the 1st quarter. GAMMA Investing LLC now owns 39,379 shares of the business services provider’s stock valued at $6,461,000 after buying an additional 38,889 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in FTI Consulting during the 4th quarter valued at $442,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $159.58 on Tuesday. The business’s fifty day moving average price is $166.93 and its two-hundred day moving average price is $164.60. The stock has a market cap of $5.16 billion, a PE ratio of 22.48 and a beta of 0.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $231.65.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.26. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The business had revenue of $943.66 million for the quarter, compared to analysts’ expectations of $928.38 million. During the same quarter last year, the firm earned $2.34 earnings per share. The business’s revenue was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting 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.