Atria Investments Inc Acquires 605 Shares of FTI Consulting, Inc. $FCN

Atria Investments Inc lifted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,108 shares of the business services provider’s stock after buying an additional 605 shares during the quarter. Atria Investments Inc’s holdings in FTI Consulting were worth $1,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Retirement Systems of Alabama grew its holdings in shares of FTI Consulting by 39.9% during the 2nd quarter. Retirement Systems of Alabama now owns 60,160 shares of the business services provider’s stock valued at $9,716,000 after purchasing an additional 17,166 shares during the last quarter. World Investment Advisors bought a new stake in FTI Consulting in the second quarter valued at approximately $598,000. Peregrine Capital Management LLC lifted its position in FTI Consulting by 1.7% in the second quarter. Peregrine Capital Management LLC now owns 46,811 shares of the business services provider’s stock valued at $7,560,000 after purchasing an additional 768 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in FTI Consulting by 76.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 13,946 shares of the business services provider’s stock valued at $2,252,000 after purchasing an additional 6,052 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new stake in FTI Consulting in the second quarter valued at approximately $239,000. Institutional investors own 99.36% of the company’s stock.

Insider Activity at FTI Consulting

In related news, CEO Steven Henry Gunby bought 7,500 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was purchased at an average cost of $151.12 per share, with a total value of $1,133,400.00. Following the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.79% of the company’s stock.

FTI Consulting Trading Up 1.5%

NYSE:FCN opened at $167.49 on Wednesday. The company has a 50-day moving average price of $162.37 and a 200-day moving average price of $164.22. FTI Consulting, Inc. has a 12 month low of $149.31 and a 12 month high of $209.13. 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 market cap of $5.17 billion, a price-to-earnings ratio of 21.34 and a beta of 0.16.

FTI Consulting (NYSE:FCN) last posted its 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 firm had revenue of $956.17 million during the quarter, compared to analysts’ expectations of $941.19 million. During the same period last year, the company posted $1.85 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. Equities analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of FTI Consulting in a research report on Wednesday, October 8th. 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. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $169.00.

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.