XTX Topco Ltd Has $3.52 Million Stake in FTI Consulting, Inc. $FCN

XTX Topco Ltd boosted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 12.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,812 shares of the business services provider’s stock after buying an additional 2,464 shares during the period. XTX Topco Ltd owned approximately 0.07% of FTI Consulting worth $3,523,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its stake in FTI Consulting by 0.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider’s stock valued at $560,375,000 after acquiring an additional 28,968 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of FTI Consulting by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider’s stock valued at $122,929,000 after purchasing an additional 48,211 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in FTI Consulting by 0.7% in 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 purchasing an additional 2,952 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in FTI Consulting by 1,668.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider’s stock valued at $50,891,000 after buying an additional 292,615 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of FTI Consulting by 5.4% during the 1st quarter. Ameriprise Financial Inc. now owns 291,600 shares of the business services provider’s stock valued at $47,846,000 after acquiring an additional 14,898 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Up 2.1%

NYSE:FCN opened at $165.72 on Wednesday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 21.11 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. The stock’s fifty day moving average price is $161.45 and its two-hundred day moving average price is $164.06. FTI Consulting, Inc. has a 52-week low of $149.31 and a 52-week high of $208.28.

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 the consensus estimate of $1.93 by $0.67. FTI Consulting had a net margin of 7.20% and a return on equity of 14.49%. The company had revenue of $956.17 million during the quarter, compared to analysts’ expectations of $941.19 million. During the same quarter in the previous year, the company earned $1.85 EPS. FTI Consulting’s revenue was up 3.3% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. On average, analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its board has initiated a stock buyback program on Tuesday, October 21st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 9.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FCN. Truist Financial dropped 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 report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of FTI Consulting in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, FTI Consulting presently has an average rating of “Hold” and an average target price of $169.00.

Insider Activity at FTI Consulting

In related news, CEO Steven Henry Gunby purchased 7,500 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were bought at an average price of $151.12 per share, with a total value of $1,133,400.00. Following 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.79% of the company’s stock.

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.