FTI Consulting, Inc. $FCN Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 34,188 shares of the business services provider’s stock after selling 1,245 shares during the period. Teacher Retirement System of Texas owned about 0.11% of FTI Consulting worth $5,521,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTI Consulting during the first quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FTI Consulting during the first quarter worth about $33,000. Signaturefd LLC boosted 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 worth $34,000 after purchasing an additional 81 shares in the last quarter. CWM LLC boosted its position in FTI Consulting by 72.0% in the 2nd quarter. CWM LLC now owns 332 shares of the business services provider’s stock worth $54,000 after purchasing an additional 139 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted 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 worth $59,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $168.31 on Friday. The firm has a fifty day moving average of $162.44 and a 200 day moving average of $164.22. FTI Consulting, Inc. has a one year low of $149.31 and a one year high of $209.13. The firm has a market cap of $5.20 billion, a PE ratio of 21.44 and a beta of 0.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 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 the consensus estimate of $1.93 by $0.67. The business had revenue of $956.17 million for the quarter, compared to analyst estimates of $941.19 million. FTI Consulting had a net margin of 7.20% and a return on equity of 14.49%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.85 earnings per share. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. As a group, research 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 approved a stock buyback program on Tuesday, October 21st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase up to 9.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at FTI Consulting

In other news, CEO Steven Henry Gunby bought 7,500 shares of FTI Consulting stock in a transaction on Friday, October 24th. The stock was acquired at an average price of $151.12 per share, with a total value of $1,133,400.00. Following the completion of the acquisition, the chief executive officer directly owned 294,007 shares of the company’s stock, valued at $44,430,337.84. The trade was a 2.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.79% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of FTI Consulting in a research note 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 for the company in a report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.