FTI Consulting, Inc. $FCN Shares Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC raised its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 60.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,219 shares of the business services provider’s stock after acquiring an additional 1,975 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in FTI Consulting were worth $843,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of FTI Consulting by 0.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider’s stock worth $560,375,000 after purchasing an additional 28,968 shares during the period. Dimensional Fund Advisors LP raised its holdings in FTI Consulting by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider’s stock valued at $122,929,000 after buying an additional 48,211 shares during the period. Charles Schwab Investment Management Inc. lifted its position in FTI Consulting by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider’s stock valued at $72,484,000 after buying an additional 2,952 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in FTI Consulting by 10.4% during the first quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider’s stock worth $70,698,000 after buying an additional 40,546 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in FTI Consulting by 1,668.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider’s stock worth $50,891,000 after buying an additional 292,615 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance

FTI Consulting stock opened at $164.88 on Friday. FTI Consulting, Inc. has a 12-month low of $149.31 and a 12-month high of $208.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 21.00 and a beta of 0.14. The firm’s fifty day moving average price is $161.80 and its 200 day moving average price is $164.20.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 23rd. The business services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $941.19 million. During the same period last year, the firm earned $1.85 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. On average, research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $169.00.

Insiders Place Their Bets

In other FTI Consulting news, CEO Steven Henry Gunby acquired 7,500 shares of the company’s stock in a transaction on Friday, October 24th. The shares were bought at an average cost of $151.12 per share, for a total transaction of $1,133,400.00. Following the acquisition, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.79% of the stock is currently owned by company insiders.

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.