Black Creek Investment Management Inc. decreased its position in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 670,242 shares of the business services provider’s stock after selling 27,648 shares during the quarter. FTI Consulting comprises 5.1% of Black Creek Investment Management Inc.’s holdings, making the stock its 9th biggest position. Black Creek Investment Management Inc.’s holdings in FTI Consulting were worth $108,345,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in FTI Consulting in the third quarter valued at $28,000. Winnow Wealth LLC purchased a new stake in FTI Consulting in the 3rd quarter valued at about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of FTI Consulting during the 1st quarter valued at about $33,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of FTI Consulting by 68.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 270 shares of the business services provider’s stock worth $44,000 after acquiring an additional 110 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of FTI Consulting by 258.5% in the second quarter. EverSource Wealth Advisors LLC now owns 294 shares of the business services provider’s stock worth $47,000 after acquiring an additional 212 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on FCN shares. Wall Street Zen raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reissued a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FTI Consulting currently has an average rating of “Hold” and an average target price of $165.00.
FTI Consulting Stock Up 1.3%
FCN stock opened at $166.08 on Wednesday. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 20.13 and a beta of 0.09. FTI Consulting, Inc. has a 1-year low of $149.31 and a 1-year high of $183.71. The firm has a fifty day moving average price of $172.22 and a two-hundred day moving average price of $167.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.56 and a quick ratio of 1.56.
FTI Consulting (NYSE:FCN – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The business services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.39 by $0.39. FTI Consulting had a net margin of 7.15% and a return on equity of 15.42%. The business had revenue of $990.75 million during the quarter, compared to analyst estimates of $918.49 million. During the same period in the previous year, the business posted $1.56 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. FTI Consulting has set its FY 2026 guidance at 8.900-9.600 EPS. Research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.
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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