Ameritas Investment Partners Inc. Reduces Stake in FTI Consulting, Inc. $FCN

Ameritas Investment Partners Inc. reduced its holdings in FTI Consulting, Inc. (NYSE:FCN) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,539 shares of the business services provider’s stock after selling 411 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in FTI Consulting were worth $1,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wyoming lifted its stake in FTI Consulting by 5.1% in the first quarter. State of Wyoming now owns 1,453 shares of the business services provider’s stock worth $238,000 after acquiring an additional 70 shares during the period. Coldstream Capital Management Inc. raised its holdings in FTI Consulting by 4.4% in the 2nd quarter. Coldstream Capital Management Inc. now owns 1,647 shares of the business services provider’s stock worth $266,000 after purchasing an additional 70 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of FTI Consulting by 26.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider’s stock worth $59,000 after purchasing an additional 76 shares during the period. Integrated Wealth Concepts LLC boosted its stake 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. Finally, Inspire Advisors LLC boosted its stake in shares of FTI Consulting by 2.9% during the 2nd quarter. Inspire Advisors LLC now owns 3,792 shares of the business services provider’s stock valued at $612,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

Insider Buying and Selling at FTI Consulting

In related 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 cost of $151.12 per share, for a total transaction of $1,133,400.00. Following the completion of the acquisition, the chief executive officer directly owned 294,007 shares of the company’s stock, valued at $44,430,337.84. The trade was a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.79% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a research report on Wednesday, October 8th. One equities research 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, FTI Consulting has an average rating of “Hold” and a consensus price target of $169.00.

FTI Consulting Price Performance

Shares of FCN opened at $164.28 on Friday. FTI Consulting, Inc. has a fifty-two week low of $149.31 and a fifty-two week high of $208.28. The firm’s 50-day simple moving average is $161.48 and its two-hundred day simple moving average is $164.06. The stock has a market cap of $5.07 billion, a PE ratio of 20.93 and a beta of 0.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 1.85.

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

FTI Consulting announced that its Board of Directors has approved a stock buyback 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 purchase up to 9.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

About FTI Consulting

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.