TD Waterhouse Canada Inc. Acquires Shares of 13,643 FTI Consulting, Inc. $FCN

TD Waterhouse Canada Inc. purchased a new stake in FTI Consulting, Inc. (NYSE:FCN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,643 shares of the business services provider’s stock, valued at approximately $2,201,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCN. Quent Capital LLC bought a new position in FTI Consulting in the third quarter valued at approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of FTI Consulting during the 1st quarter worth $33,000. Nomura Asset Management Co. Ltd. boosted its stake in FTI Consulting by 68.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 270 shares of the business services provider’s stock valued at $44,000 after buying an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in FTI Consulting by 258.5% in the second quarter. EverSource Wealth Advisors LLC now owns 294 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 212 shares during the last quarter. Finally, CWM LLC raised its stake in FTI Consulting by 72.0% during the second quarter. CWM LLC now owns 332 shares of the business services provider’s stock worth $54,000 after acquiring an additional 139 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FCN. Wall Street Zen upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Truist Financial decreased their target price on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of FTI Consulting in a report on Wednesday, December 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $169.00.

FTI Consulting Stock Down 0.1%

Shares of NYSE:FCN opened at $174.48 on Friday. FTI Consulting, Inc. has a 1 year low of $149.31 and a 1 year high of $198.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.85 and a quick ratio of 1.85. The business’s 50-day moving average is $173.36 and its 200-day moving average is $167.47. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 22.23 and a beta of 0.09.

FTI Consulting announced that its Board of Directors has initiated a share buyback plan on Tuesday, October 21st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 9.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

FTI Consulting Company 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.