Sequoia Financial Advisors LLC Acquires 1,807 Shares of FTI Consulting, Inc. $FCN

Sequoia Financial Advisors LLC boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 76.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,181 shares of the business services provider’s stock after buying an additional 1,807 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FTI Consulting were worth $675,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its stake in shares of FTI Consulting by 1,668.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider’s stock worth $50,891,000 after purchasing an additional 292,615 shares during the last quarter. Victory Capital Management Inc. grew its holdings in FTI Consulting by 11.0% during the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider’s stock valued at $254,288,000 after purchasing an additional 153,523 shares during the period. Millennium Management LLC bought a new position in FTI Consulting during the first quarter valued at $15,802,000. Boston Partners increased its position in FTI Consulting by 67.3% in the first quarter. Boston Partners now owns 226,574 shares of the business services provider’s stock worth $37,286,000 after buying an additional 91,182 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of FTI Consulting in the first quarter valued at $8,422,000. Institutional investors own 99.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, FTI Consulting has an average rating of “Hold” and a consensus target price of $175.50.

FTI Consulting Stock Performance

Shares of FCN opened at $152.01 on Monday. FTI Consulting, Inc. has a 52-week low of $149.31 and a 52-week high of $231.47. The stock’s 50-day simple moving average is $163.69 and its 200 day simple moving average is $164.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 21.41 and a beta of 0.16.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating 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 firm had revenue of $943.66 million for the quarter, compared to analysts’ expectations of $928.38 million. During the same period in the prior year, the business posted $2.34 earnings per share. The company’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. Research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

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.