Whittier Trust Co. Sells 123 Shares of FTI Consulting, Inc. $FCN

Whittier Trust Co. trimmed its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 16.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 612 shares of the business services provider’s stock after selling 123 shares during the quarter. Whittier Trust Co.’s holdings in FTI Consulting were worth $99,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FCN. Isthmus Partners LLC lifted its position in FTI Consulting by 2.7% in the 1st quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 63 shares in the last quarter. State of Wyoming lifted its position in FTI Consulting by 5.1% in the 1st quarter. State of Wyoming now owns 1,453 shares of the business services provider’s stock valued at $238,000 after acquiring an additional 70 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in FTI Consulting by 26.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 76 shares in the last quarter. Signaturefd LLC lifted its position in FTI Consulting by 65.3% in the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in FTI Consulting by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,504 shares of the business services provider’s stock valued at $1,395,000 after acquiring an additional 100 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Up 2.6%

Shares of FCN stock opened at $157.64 on Friday. The company has a current ratio of 1.85, a quick ratio of 2.11 and a debt-to-equity ratio of 0.29. FTI Consulting, Inc. has a 1 year low of $149.31 and a 1 year high of $209.13. The firm’s fifty day moving average price is $162.45 and its two-hundred day moving average price is $163.97. The firm has a market capitalization of $5.10 billion, a P/E ratio of 20.08 and a beta of 0.16.

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

FTI Consulting announced that its Board of Directors has initiated a stock repurchase 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 repurchase up to 9.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently commented on FCN. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FTI Consulting in a research report on Wednesday, October 8th. Truist Financial cut their price objective on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $169.00.

About FTI Consulting

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.