FTI Consulting, Inc. $FCN Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in FTI Consulting, Inc. (NYSE:FCN) by 10.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 36,794 shares of the business services provider’s stock after selling 4,075 shares during the quarter. New York State Teachers Retirement System’s holdings in FTI Consulting were worth $5,942,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Isthmus Partners LLC lifted its holdings in FTI Consulting by 2.7% in the first quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider’s stock worth $394,000 after purchasing an additional 63 shares during the period. State of Wyoming lifted its holdings in FTI Consulting by 5.1% in the first quarter. State of Wyoming now owns 1,453 shares of the business services provider’s stock worth $238,000 after purchasing an additional 70 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in FTI Consulting by 26.6% in the first 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 during the period. Signaturefd LLC lifted its holdings in FTI Consulting by 65.3% in the first quarter. Signaturefd LLC now owns 205 shares of the business services provider’s stock worth $34,000 after purchasing an additional 81 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in FTI Consulting by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,504 shares of the business services provider’s stock worth $1,395,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $152.74 on Tuesday. FTI Consulting, Inc. has a twelve month low of $149.31 and a twelve month high of $231.47. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 21.51 and a beta of 0.16. The firm has a 50-day moving average of $163.39 and a two-hundred day moving average of $164.07.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.26. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The company had revenue of $943.66 million during the quarter, compared to the consensus estimate of $928.38 million. During the same period in the prior year, the company earned $2.34 EPS. FTI Consulting’s revenue was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, FTI Consulting currently has an average rating of “Hold” and an average price target of $175.50.

FTI Consulting Company Profile

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.