Diversify Advisory Services LLC acquired a new position in FTI Consulting, Inc. (NYSE:FCN – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,198 shares of the business services provider’s stock, valued at approximately $1,003,000.
A number of other large investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc increased its holdings in FTI Consulting by 1,666.7% during the 4th quarter. IFP Advisors Inc now owns 159 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Torren Management LLC acquired a new position in FTI Consulting during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of FTI Consulting by 1,278.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 179 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of FTI Consulting in the first quarter valued at about $33,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of FTI Consulting in the second quarter valued at approximately $37,000. 99.36% of the stock is owned by institutional investors and hedge funds.
FTI Consulting Price Performance
NYSE:FCN opened at $153.71 on Thursday. FTI Consulting, Inc. has a 12-month low of $137.65 and a 12-month high of $189.30. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 18.59 and a beta of -0.05. The company’s 50-day moving average is $154.62 and its two-hundred day moving average is $162.82. 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 announced that its board has approved a stock buyback program on Friday, June 5th that permits the company to repurchase $370.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Analyst Ratings Changes
A number of brokerages have recently weighed in on FCN. Weiss Ratings cut shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Wall Street Zen lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Truist Financial increased their target price on FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $174.50.
Get Our Latest Report on FTI Consulting
FTI Consulting Profile
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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