Callan Family Office LLC purchased a new position in FTI Consulting, Inc. (NYSE:FCN – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 41,798 shares of the business services provider’s stock, valued at approximately $6,228,000.
Other hedge funds have also recently made changes to their positions in the company. Paralel Advisors LLC bought a new position in FTI Consulting during the second quarter valued at approximately $1,947,000. Vise Technologies Inc. bought a new stake in FTI Consulting in the 2nd quarter worth approximately $284,000. Nierenberg Investment Management Company LLC bought a new stake in FTI Consulting in the 2nd quarter worth approximately $11,009,902,000. NewEdge Wealth LLC purchased a new stake in FTI Consulting during the 2nd quarter valued at $2,777,000. Finally, Diversify Advisory Services LLC bought a new position in shares of FTI Consulting during the 2nd quarter valued at $1,003,000. 99.36% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FCN has been the topic of a number of research reports. The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research note on Tuesday, May 19th. Wall Street Zen cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Truist Financial raised their target price on FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, FTI Consulting has a consensus rating of “Hold” and a consensus price target of $174.50.
FTI Consulting Trading Up 1.5%
FTI Consulting stock opened at $155.73 on Friday. The firm has a 50 day moving average of $154.52 and a 200 day moving average of $162.62. 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. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76.
FTI Consulting (NYSE:FCN – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. The firm had revenue of $993.46 million for the quarter, compared to analysts’ expectations of $992.75 million. During the same period in the prior year, the firm earned $2.13 EPS. FTI Consulting’s revenue for the quarter was up 5.3% compared to the same quarter last year. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. As a group, research analysts predict that FTI Consulting, Inc. will post 9.25 earnings per share for the current year.
FTI Consulting declared that its board has authorized a share repurchase plan on Friday, June 5th that permits the company to buyback $370.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 7.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
FTI Consulting 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.
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