Retirement Systems of Alabama Grows Stock Position in FTI Consulting, Inc. $FCN

Retirement Systems of Alabama raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 39.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 60,160 shares of the business services provider’s stock after buying an additional 17,166 shares during the period. Retirement Systems of Alabama’s holdings in FTI Consulting were worth $9,716,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Isthmus Partners LLC raised its stake in shares of FTI Consulting by 2.7% during the 1st quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider’s stock valued at $394,000 after buying an additional 63 shares during the last quarter. State of Wyoming raised its stake in shares of FTI Consulting by 5.1% during the 1st quarter. State of Wyoming now owns 1,453 shares of the business services provider’s stock valued at $238,000 after buying an additional 70 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of FTI Consulting by 26.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider’s stock valued at $59,000 after buying an additional 76 shares during the last quarter. Signaturefd LLC raised its stake in shares of FTI Consulting by 65.3% during the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Finally, State of Michigan Retirement System raised its stake in shares of FTI Consulting by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,504 shares of the business services provider’s stock valued at $1,395,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insider Buying and Selling

In other news, CEO Steven Henry Gunby acquired 7,500 shares of the business’s stock in a transaction on Friday, October 24th. The stock was bought at an average cost of $151.12 per share, for a total transaction of $1,133,400.00. Following the purchase, the chief executive officer owned 294,007 shares in the company, valued at approximately $44,430,337.84. This represents a 2.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.79% of the company’s stock.

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $165.34 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.29. FTI Consulting, Inc. has a twelve month low of $149.31 and a twelve month high of $209.13. The business has a 50-day moving average price of $162.38 and a 200 day moving average price of $164.20. The firm has a market cap of $5.11 billion, a PE ratio of 21.06 and a beta of 0.16.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, October 23rd. The business services provider reported $2.60 EPS for the quarter, topping 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 analyst estimates of $941.19 million. During the same period in the previous year, the business earned $1.85 EPS. FTI Consulting’s quarterly 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. Sell-side analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its board 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 repurchase up to 9.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FCN has been the subject of a number of recent research reports. 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 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. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.