Sei Investments Co. Increases Stock Position in FTI Consulting, Inc. $FCN

Sei Investments Co. boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,707 shares of the business services provider’s stock after acquiring an additional 5,185 shares during the period. Sei Investments Co. owned 0.31% of FTI Consulting worth $16,564,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FCN. Victory Capital Management Inc. raised its stake in shares of FTI Consulting by 44.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,634,051 shares of the business services provider’s stock valued at $279,145,000 after acquiring an additional 503,885 shares during the last quarter. Black Creek Investment Management Inc. grew its stake in shares of FTI Consulting by 60.0% in the fourth quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider’s stock worth $183,172,000 after purchasing an additional 402,008 shares during the last quarter. Norges Bank purchased a new position in FTI Consulting during the 4th quarter valued at about $61,137,000. M&T Bank Corp increased its holdings in FTI Consulting by 10,081.4% during the 4th quarter. M&T Bank Corp now owns 321,731 shares of the business services provider’s stock valued at $54,961,000 after purchasing an additional 318,571 shares during the period. Finally, Invesco Ltd. raised its position in FTI Consulting by 435.9% during the 2nd quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock valued at $49,056,000 after purchasing an additional 247,066 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Wall Street Analysts Forecast Growth

FCN has been the subject of several research analyst reports. Truist Financial increased their price objective on FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Weiss Ratings downgraded FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Wall Street Zen lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, The Goldman Sachs Group set a $169.00 price target on shares of FTI Consulting in a report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $174.50.

Insider Transactions at FTI Consulting

In other news, insider Paul Alderman Linton purchased 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $144.04 per share, for a total transaction of $345,696.00. Following the purchase, the insider directly owned 92,824 shares in the company, valued at approximately $13,370,368.96. This trade represents a 2.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eun Nam acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $144.59 per share, for a total transaction of $289,180.00. Following the completion of the transaction, the chief financial officer directly owned 21,592 shares in the company, valued at $3,121,987.28. The trade was a 10.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 14,400 shares of company stock valued at $2,076,576. Insiders own 1.80% of the company’s stock.

FTI Consulting Stock Performance

FTI Consulting stock opened at $170.51 on Thursday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $5.14 billion, a P/E ratio of 20.27 and a beta of -0.04. The stock’s 50 day moving average is $155.14 and its 200 day moving average is $165.46. FTI Consulting, Inc. has a twelve month low of $137.65 and a twelve month high of $189.30.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.21). FTI Consulting had a net margin of 6.88% and a return on equity of 15.14%. The company had revenue of $983.35 million for the quarter, compared to analysts’ expectations of $971.17 million. During the same quarter in the previous year, the firm posted $2.29 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that FTI Consulting, Inc. will post 9.1 earnings per share for the current fiscal year.

FTI Consulting declared that its Board of Directors has initiated a stock repurchase program on Friday, June 5th that permits the company to repurchase $370.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

FTI Consulting Company Profile

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.