Neumeier Poma Investment Counsel LLC purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 299,975 shares of the business services provider’s stock, valued at approximately $44,699,275,000. FTI Consulting comprises 3.1% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 13th biggest position. Neumeier Poma Investment Counsel LLC owned 1.09% of FTI Consulting at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of FCN. IFP Advisors Inc grew its stake in FTI Consulting by 1,666.7% in the 4th quarter. IFP Advisors Inc now owns 159 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Torren Management LLC bought a new stake in shares of FTI Consulting during the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of FTI Consulting by 1,278.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider’s stock worth $31,000 after buying an additional 179 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of FTI Consulting in the 1st quarter worth about $33,000. Finally, Global Retirement Partners LLC bought a new position in FTI Consulting during the second quarter valued at about $37,000. 99.36% of the stock is currently owned by institutional investors.
FTI Consulting Stock Down 0.0%
Shares of NYSE FCN opened at $155.73 on Monday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average of $154.52 and a 200-day moving average of $162.53. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 18.83 and a beta of -0.05. FTI Consulting, Inc. has a 12 month low of $137.65 and a 12 month high of $189.30.
FTI Consulting announced that its board has initiated a share repurchase program on Friday, June 5th that authorizes the company to buyback $370.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on FCN shares. Weiss Ratings downgraded shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group set a $169.00 price target on shares of FTI Consulting in a research note on Tuesday, May 19th. Finally, Truist Financial lifted their price target on shares of FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, FTI Consulting has an average rating of “Hold” and an average price target of $174.50.
Get Our Latest Research Report on FCN
About FTI Consulting
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.
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