FTI Consulting, Inc. (NYSE:FCN) Sees Large Decrease in Short Interest

FTI Consulting, Inc. (NYSE:FCN) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 988,459 shares, a drop of 21.5% from the December 15th total of 1,258,786 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average trading volume of 339,925 shares, the short-interest ratio is presently 2.9 days. Based on an average trading volume of 339,925 shares, the short-interest ratio is presently 2.9 days. Currently, 3.3% of the company’s shares are sold short.

FTI Consulting Trading Up 0.4%

FTI Consulting stock traded up $0.68 during midday trading on Friday, hitting $178.25. 226,067 shares of the stock were exchanged, compared to its average volume of 218,302. The stock has a market capitalization of $5.50 billion, a PE ratio of 22.71 and a beta of 0.09. The company has a fifty day simple moving average of $170.11 and a two-hundred day simple moving average of $166.45. 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 has a 52 week low of $149.31 and a 52 week high of $204.69.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 23rd. The business services provider reported $2.60 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.67. The company 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 business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. Equities research analysts anticipate that FTI Consulting will post 8.55 EPS for the current fiscal year.

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

Insider Buying and Selling

In other news, CEO Steven Henry Gunby acquired 7,500 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was purchased at an average cost of $151.12 per share, for a total transaction of $1,133,400.00. Following the completion of the transaction, the chief executive officer directly owned 294,007 shares in the company, valued at $44,430,337.84. This trade represents a 2.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FTI Consulting

Several institutional investors and hedge funds have recently modified their holdings of FCN. Sequoia Financial Advisors LLC lifted its position in FTI Consulting by 76.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,181 shares of the business services provider’s stock worth $675,000 after buying an additional 1,807 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of FTI Consulting in the second quarter valued at about $73,000. CWA Asset Management Group LLC increased its position in shares of FTI Consulting by 108.5% in the third quarter. CWA Asset Management Group LLC now owns 117,717 shares of the business services provider’s stock valued at $19,029,000 after acquiring an additional 61,266 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in FTI Consulting by 10.4% during the second quarter. Farther Finance Advisors LLC now owns 3,680 shares of the business services provider’s stock worth $594,000 after acquiring an additional 347 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in FTI Consulting by 1,039.6% during the second quarter. Squarepoint Ops LLC now owns 31,602 shares of the business services provider’s stock valued at $5,104,000 after purchasing an additional 28,829 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FCN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Truist Financial lowered their target price 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 analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, FTI Consulting currently has a consensus rating of “Hold” and a consensus price target of $169.00.

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.