Viawealth LLC Has $385,000 Stock Holdings in FTI Consulting, Inc. $FCN

Viawealth LLC boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 62.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,384 shares of the business services provider’s stock after purchasing an additional 915 shares during the quarter. Viawealth LLC’s holdings in FTI Consulting were worth $385,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted 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 buying an additional 28,968 shares during the period. Dimensional Fund Advisors LP raised its holdings in FTI Consulting by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider’s stock valued at $122,929,000 after acquiring an additional 48,211 shares during the period. Charles Schwab Investment Management Inc. lifted its position in FTI Consulting by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider’s stock worth $72,484,000 after acquiring an additional 2,952 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of FTI Consulting by 1,668.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider’s stock worth $50,891,000 after acquiring an additional 292,615 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of FTI Consulting by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 291,600 shares of the business services provider’s stock valued at $47,846,000 after purchasing an additional 14,898 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FCN has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. Truist Financial lowered their price objective on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, FTI Consulting presently has a consensus rating of “Hold” and a consensus target price of $169.00.

FTI Consulting Trading Up 2.1%

Shares of FCN stock opened at $165.72 on Wednesday. The stock has a market cap of $5.12 billion, a P/E ratio of 21.11 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $149.31 and a 1 year high of $208.28. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $161.45 and a 200 day simple moving average of $164.06.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, October 23rd. The business services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.67. The firm had revenue of $956.17 million during 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 company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 EPS. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. On average, research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting declared that its board has approved a stock repurchase plan 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 purchase up to 9.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Steven Henry Gunby purchased 7,500 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was acquired at an average price of $151.12 per share, with a total value of $1,133,400.00. Following the completion of the purchase, the chief executive officer directly owned 294,007 shares in the company, valued at $44,430,337.84. This trade represents a 2.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.79% of the stock is currently owned by company insiders.

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.