Inspire Investing LLC Reduces Stake in FTI Consulting, Inc. $FCN

Inspire Investing LLC reduced its stake in FTI Consulting, Inc. (NYSE:FCN) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,150 shares of the business services provider’s stock after selling 1,350 shares during the quarter. Inspire Investing LLC’s holdings in FTI Consulting were worth $1,962,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of FTI Consulting by 0.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider’s stock worth $560,375,000 after purchasing an additional 28,968 shares during the period. Victory Capital Management Inc. grew its holdings in shares of FTI Consulting by 11.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider’s stock worth $254,288,000 after purchasing an additional 153,523 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of FTI Consulting by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider’s stock worth $122,929,000 after purchasing an additional 48,211 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of FTI Consulting by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider’s stock worth $72,484,000 after purchasing an additional 2,952 shares during the period. Finally, Van Berkom & Associates Inc. grew its holdings in shares of FTI Consulting by 10.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider’s stock worth $70,698,000 after purchasing an additional 40,546 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Price Performance

FCN opened at $161.53 on Friday. The stock’s 50-day moving average price is $165.03 and its 200 day moving average price is $164.39. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $231.65. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 22.75 and a beta of 0.16.

FTI Consulting (NYSE:FCN) last posted its earnings results 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 firm had revenue of $943.66 million for the quarter, compared to analyst estimates of $928.38 million. During the same quarter in the prior year, the company earned $2.34 EPS. FTI Consulting’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. As a group, sell-side analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $175.50.

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.