Mountain Pacific Investment Advisers LLC Has $3.82 Million Position in FTI Consulting, Inc. $FCN

Mountain Pacific Investment Advisers LLC lessened its stake in FTI Consulting, Inc. (NYSE:FCN) by 77.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,637 shares of the business services provider’s stock after selling 82,620 shares during the quarter. Mountain Pacific Investment Advisers LLC owned 0.08% of FTI Consulting worth $3,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of FTI Consulting during the 2nd quarter valued at $65,039,000. Invesco Ltd. grew its stake in FTI Consulting by 435.9% in the second quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock valued at $49,056,000 after purchasing an additional 247,066 shares in the last quarter. Bank of America Corp DE grew its stake in FTI Consulting by 103.0% in the second quarter. Bank of America Corp DE now owns 195,129 shares of the business services provider’s stock valued at $31,513,000 after purchasing an additional 98,989 shares in the last quarter. Millennium Management LLC acquired a new position in FTI Consulting in the 1st quarter worth about $15,802,000. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of FTI Consulting by 30.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 286,176 shares of the business services provider’s stock worth $46,217,000 after purchasing an additional 67,529 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insider Buying and Selling at FTI Consulting

In related news, CEO Steven Henry Gunby acquired 7,500 shares of the stock in a transaction dated Friday, October 24th. The shares were acquired at an average price of $151.12 per share, for a total transaction of $1,133,400.00. Following the completion of the purchase, the chief executive officer owned 294,007 shares in the company, valued at approximately $44,430,337.84. The trade was a 2.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.79% of the company’s stock.

FTI Consulting Trading Up 1.7%

Shares of NYSE:FCN opened at $181.08 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50-day moving average is $171.01 and its 200-day moving average is $166.75. The company has a market cap of $5.59 billion, a P/E ratio of 23.07 and a beta of 0.09. FTI Consulting, Inc. has a 52-week low of $149.31 and a 52-week high of $204.69.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, October 23rd. The business services provider reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.67. The firm had revenue of $956.17 million for the quarter, compared to analyst estimates of $941.19 million. FTI Consulting had a return on equity of 14.49% and a net margin of 7.20%.The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. Equities research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its board has initiated a stock repurchase program on Tuesday, October 21st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 9.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

FCN has been the subject of several recent research reports. Truist Financial lowered their price target on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. Wall Street Zen raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FTI Consulting presently has an average 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.