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

Federated Hermes Inc. decreased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,231 shares of the business services provider’s stock after selling 10,970 shares during the quarter. Federated Hermes Inc. owned approximately 0.33% of FTI Consulting worth $17,156,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Jump Financial LLC purchased a new stake in FTI Consulting in the second quarter valued at approximately $373,000. First Trust Advisors LP boosted its holdings in shares of FTI Consulting by 16.0% in the 2nd quarter. First Trust Advisors LP now owns 93,813 shares of the business services provider’s stock valued at $15,151,000 after purchasing an additional 12,966 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of FTI Consulting by 258.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the business services provider’s stock valued at $47,000 after buying an additional 212 shares during the period. Walleye Trading LLC increased its holdings in shares of FTI Consulting by 1,219.8% during the 2nd quarter. Walleye Trading LLC now owns 5,279 shares of the business services provider’s stock worth $853,000 after buying an additional 4,879 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of FTI Consulting by 435.9% during the 2nd quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock worth $49,056,000 after buying an additional 247,066 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Trading Down 0.0%

Shares of FCN opened at $166.54 on Thursday. FTI Consulting, Inc. has a 12 month low of $149.31 and a 12 month high of $204.76. The stock’s 50-day moving average is $162.41 and its two-hundred day moving average is $164.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $5.14 billion, a PE ratio of 21.22 and a beta of 0.11.

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

FTI Consulting declared that its Board of Directors has approved a share repurchase program on Tuesday, October 21st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 9.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

FCN has been the topic of a number of research analyst reports. Wall Street Zen upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Truist Financial reduced their price objective on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $169.00.

Insider Buying and Selling at FTI Consulting

In other news, CEO Steven Henry Gunby purchased 7,500 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was acquired at an average cost of $151.12 per share, with a total value of $1,133,400.00. Following the acquisition, the chief executive officer owned 294,007 shares in the company, valued at approximately $44,430,337.84. This trade represents a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.79% of the company’s stock.

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.