FTI Consulting, Inc. $FCN Shares Sold by ING Groep NV

ING Groep NV cut its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 42.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,600 shares of the business services provider’s stock after selling 17,800 shares during the period. ING Groep NV owned approximately 0.08% of FTI Consulting worth $3,977,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of FTI Consulting during the third quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new stake in FTI Consulting during the 3rd quarter valued at $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in FTI Consulting during the 1st quarter worth $33,000. Nomura Asset Management Co. Ltd. lifted its holdings in FTI Consulting by 68.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 270 shares of the business services provider’s stock worth $44,000 after buying an additional 110 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in FTI Consulting by 258.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the business services provider’s stock worth $47,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of FCN opened at $160.59 on Friday. FTI Consulting, Inc. has a 52 week low of $149.31 and a 52 week high of $195.00. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 20.46 and a beta of 0.08. The stock has a 50 day moving average of $174.69 and a 200-day moving average of $167.75.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. Wall Street Zen upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Truist Financial dropped their price target on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.00.

FTI Consulting Company 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.