Van Berkom & Associates Inc. trimmed its holdings in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) by 7.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 440,950 shares of the business services provider’s stock after selling 37,178 shares during the period. FTI Consulting comprises about 2.6% of Van Berkom & Associates Inc.’s portfolio, making the stock its 16th largest holding. Van Berkom & Associates Inc.’s holdings in FTI Consulting were worth $77,947,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of FTI Consulting by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 921,218 shares of the business services provider’s stock worth $162,836,000 after buying an additional 59,524 shares during the period. Kera Capital Partners Inc. lifted its stake in shares of FTI Consulting by 47.4% in the 1st quarter. Kera Capital Partners Inc. now owns 3,612 shares of the business services provider’s stock valued at $638,000 after acquiring an additional 1,162 shares during the last quarter. Bessemer Group Inc. boosted its holdings in FTI Consulting by 41.6% during the 1st quarter. Bessemer Group Inc. now owns 361 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 106 shares during the period. Marks Group Wealth Management Inc boosted its holdings in FTI Consulting by 59.5% during the 1st quarter. Marks Group Wealth Management Inc now owns 37,144 shares of the business services provider’s stock valued at $6,566,000 after acquiring an additional 13,856 shares during the period. Finally, Bank of New York Mellon Corp grew its position in FTI Consulting by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 209,668 shares of the business services provider’s stock worth $37,063,000 after acquiring an additional 4,603 shares during the last quarter. 99.36% of the stock is owned by institutional investors.
FTI Consulting Stock Performance
FTI Consulting stock opened at $162.75 on Monday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $153.55 and a 200-day moving average of $166.20. The firm has a market cap of $4.91 billion, a P/E ratio of 19.35 and a beta of -0.04. FTI Consulting, Inc. has a 1-year low of $137.65 and a 1-year high of $189.30.
FTI Consulting declared that its Board of Directors has initiated a share buyback plan on Friday, June 5th that authorizes the company to buyback $370.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Insider Transactions at FTI Consulting
In other FTI Consulting news, insider Paul Alderman Linton bought 2,400 shares of FTI Consulting stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $144.04 per share, with a total value of $345,696.00. Following the completion of the purchase, the insider owned 92,824 shares of the company’s stock, valued at approximately $13,370,368.96. This represents a 2.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eun Nam bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $144.59 per share, with a total value of $289,180.00. Following the acquisition, the chief financial officer owned 21,592 shares of the company’s stock, valued at $3,121,987.28. This represents a 10.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 14,400 shares of company stock worth $2,076,576. 1.79% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on FCN shares. The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research note on Tuesday, May 19th. Weiss Ratings lowered FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Truist Financial raised their target price on shares of FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $174.50.
Read Our Latest Stock Report on FCN
About FTI Consulting
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.
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