FTI Consulting, Inc. $FCN Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,811 shares of the business services provider’s stock after purchasing an additional 768 shares during the period. Peregrine Capital Management LLC’s holdings in FTI Consulting were worth $7,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCN. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTI Consulting during the first quarter worth about $30,000. Teacher Retirement System of Texas increased its position in shares of FTI Consulting by 1.5% during the first quarter. Teacher Retirement System of Texas now owns 35,433 shares of the business services provider’s stock worth $5,814,000 after purchasing an additional 514 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of FTI Consulting by 0.4% during the first quarter. Principal Financial Group Inc. now owns 81,271 shares of the business services provider’s stock worth $13,335,000 after purchasing an additional 302 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of FTI Consulting by 6.9% during the first quarter. OneDigital Investment Advisors LLC now owns 7,413 shares of the business services provider’s stock worth $1,216,000 after buying an additional 476 shares during the last quarter. Finally, Fullcircle Wealth LLC purchased a new position in shares of FTI Consulting during the first quarter worth about $226,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insiders Place Their Bets

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

FTI Consulting Price Performance

Shares of FCN opened at $166.37 on Tuesday. FTI Consulting, Inc. has a twelve month low of $149.31 and a twelve month high of $209.13. The stock’s 50 day moving average is $162.42 and its two-hundred day moving average is $164.09. The firm has a market capitalization of $5.14 billion, a PE ratio of 21.19 and a beta of 0.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, October 23rd. The business services provider reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.67. FTI Consulting had a return on equity of 14.49% and a net margin of 7.20%.The company had revenue of $956.17 million for the quarter, compared to analyst estimates of $941.19 million. During the same quarter in the previous year, the company earned $1.85 EPS. The firm’s revenue for the quarter 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. Research analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its Board of Directors has authorized a share buyback plan on Tuesday, October 21st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 9.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently issued reports on FCN. Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. Truist Financial lowered their price target on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, FTI Consulting has a consensus rating of “Hold” and an average price target 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.