Man Group plc purchased a new stake in FTI Consulting, Inc. (NYSE:FCN – Free Report) in the second quarter, Holdings Channel reports. The institutional investor purchased 11,023 shares of the business services provider’s stock, valued at approximately $1,643,000.
Other large investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in FTI Consulting by 7.4% during the first quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider’s stock valued at $6,860,000 after purchasing an additional 2,889 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in FTI Consulting by 4.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,221 shares of the business services provider’s stock worth $364,000 after buying an additional 103 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of FTI Consulting in the first quarter valued at $33,000. Millennium Management LLC bought a new position in shares of FTI Consulting in the first quarter valued at $15,802,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of FTI Consulting by 9.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,716 shares of the business services provider’s stock valued at $21,612,000 after acquiring an additional 10,980 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. The Goldman Sachs Group set a $169.00 target price on FTI Consulting in a report on Tuesday, May 19th. Weiss Ratings downgraded FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $174.50.
FTI Consulting Trading Up 0.3%
NYSE FCN opened at $151.08 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76. FTI Consulting, Inc. has a 1-year low of $137.65 and a 1-year high of $189.30. The firm’s fifty day simple moving average is $155.11 and its 200-day simple moving average is $161.52. The company has a market capitalization of $4.17 billion, a PE ratio of 18.27 and a beta of -0.05.
FTI Consulting (NYSE:FCN – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. The firm had revenue of $993.46 million for the quarter, compared to analyst estimates of $992.75 million. During the same period in the previous year, the business posted $2.13 EPS. FTI Consulting’s revenue for the quarter was up 5.3% on a year-over-year basis. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. As a group, sell-side analysts anticipate that FTI Consulting, Inc. will post 9.25 earnings per share for the current fiscal year.
FTI Consulting declared that its board has approved a share repurchase program on Friday, June 5th that permits the company to repurchase $370.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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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