Securian Asset Management Inc. Sells 100 Shares of FTI Consulting, Inc. $FCN

Securian Asset Management Inc. lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,564 shares of the business services provider’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in FTI Consulting were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial cut their price objective on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $169.00.

FTI Consulting Stock Up 2.6%

Shares of FTI Consulting stock opened at $157.64 on Friday. The business’s 50 day simple moving average is $162.45 and its 200 day simple moving average is $163.97. FTI Consulting, Inc. has a 52-week low of $149.31 and a 52-week high of $209.13. The firm has a market cap of $5.10 billion, a PE ratio of 20.08 and a beta of 0.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.11 and a current ratio of 1.85.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 23rd. The business services provider reported $2.60 earnings per share (EPS) 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 business had revenue of $956.17 million for the quarter, compared to analyst estimates of $941.19 million. During the same quarter last year, the firm earned $1.85 EPS. FTI Consulting’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. On average, analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 21st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 9.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is 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.