Steven Henry Gunby Acquires 7,500 Shares of FTI Consulting (NYSE:FCN) Stock

FTI Consulting, Inc. (NYSE:FCN) CEO Steven Henry Gunby bought 7,500 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were purchased at an average cost of $151.12 per share, for a total transaction of $1,133,400.00. Following the completion of the transaction, the chief executive officer owned 294,007 shares of the company’s stock, valued at $44,430,337.84. This 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 available at the SEC website.

FTI Consulting Stock Up 2.3%

FCN stock opened at $170.34 on Wednesday. FTI Consulting, Inc. has a twelve month low of $149.31 and a twelve month high of $209.13. The company has a market cap of $5.26 billion, a PE ratio of 21.70 and a beta of 0.16. The business’s 50-day simple moving average is $162.45 and its 200 day simple moving average is $164.16. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.29.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, October 23rd. The business services provider reported $2.60 earnings per share for the quarter, topping 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 the consensus estimate of $941.19 million. During the same period last year, the business earned $1.85 earnings per share. 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. On average, research analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its board has authorized a share repurchase program on Tuesday, October 21st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 9.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

FCN has been the topic of a number of recent research reports. Truist Financial decreased their target price on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $169.00.

Institutional Investors Weigh In On FTI Consulting

A number of institutional investors have recently added to or reduced their stakes in the stock. Isthmus Partners LLC boosted its position in shares of FTI Consulting by 2.7% during the 1st quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider’s stock worth $394,000 after acquiring an additional 63 shares in the last quarter. State of Wyoming boosted its position in shares of FTI Consulting by 5.1% during the 1st quarter. State of Wyoming now owns 1,453 shares of the business services provider’s stock worth $238,000 after acquiring an additional 70 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of FTI Consulting by 4.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,647 shares of the business services provider’s stock worth $266,000 after acquiring an additional 70 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of FTI Consulting by 6.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,277 shares of the business services provider’s stock worth $206,000 after acquiring an additional 73 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of FTI Consulting by 26.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider’s stock worth $59,000 after acquiring an additional 76 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

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.