Russell Investments Group Ltd. Raises Stock Holdings in FTI Consulting, Inc. $FCN

Russell Investments Group Ltd. increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 76.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,883 shares of the business services provider’s stock after acquiring an additional 63,851 shares during the quarter. Russell Investments Group Ltd.’s holdings in FTI Consulting were worth $23,883,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in shares of FTI Consulting by 5.2% during the 1st quarter. Cetera Investment Advisers now owns 2,896 shares of the business services provider’s stock valued at $475,000 after purchasing an additional 142 shares during the last quarter. GSA Capital Partners LLP grew its position in FTI Consulting by 5.1% during the first quarter. GSA Capital Partners LLP now owns 3,973 shares of the business services provider’s stock valued at $652,000 after buying an additional 194 shares during the period. Vestcor Inc increased its holdings in FTI Consulting by 31.2% during the first quarter. Vestcor Inc now owns 8,427 shares of the business services provider’s stock worth $1,383,000 after buying an additional 2,003 shares during the last quarter. PNC Financial Services Group Inc. raised its position in FTI Consulting by 1.5% in the first quarter. PNC Financial Services Group Inc. now owns 18,197 shares of the business services provider’s stock worth $2,986,000 after acquiring an additional 269 shares during the period. Finally, Bank of Nova Scotia raised its position in FTI Consulting by 986.1% in the first quarter. Bank of Nova Scotia now owns 14,337 shares of the business services provider’s stock worth $2,352,000 after acquiring an additional 13,017 shares during the period. Institutional investors own 99.36% of the company’s stock.

Insider Buying and Selling at FTI Consulting

In related news, CEO Steven Henry Gunby acquired 7,500 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were bought at an average cost of $151.12 per share, for a total transaction of $1,133,400.00. Following the purchase, the chief executive officer owned 294,007 shares in the company, valued at $44,430,337.84. This trade represents a 2.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.79% of the company’s stock.

Analyst Ratings Changes

FCN has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a research report on Wednesday, October 8th. Truist Financial reduced their price objective on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $169.00.

FTI Consulting Price Performance

FCN opened at $163.15 on Friday. The firm has a 50-day moving average price of $161.52 and a 200-day moving average price of $164.05. FTI Consulting, Inc. has a twelve month low of $149.31 and a twelve month high of $208.28. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 20.78 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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 the consensus estimate of $941.19 million. During the same period last year, the firm earned $1.85 EPS. FTI Consulting’s revenue for the quarter was up 3.3% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. Equities analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its board has authorized a share buyback plan on Tuesday, October 21st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the business services provider to buy up to 9.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

FTI Consulting 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.