RBF Capital LLC Sells 16,000 Shares of FTI Consulting, Inc. $FCN

RBF Capital LLC trimmed its holdings in FTI Consulting, Inc. (NYSE:FCN) by 64.0% in the 1st quarter, Holdings Channel reports. The fund owned 9,000 shares of the business services provider’s stock after selling 16,000 shares during the quarter. RBF Capital LLC’s holdings in FTI Consulting were worth $1,591,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in FTI Consulting by 1,666.7% during the fourth quarter. IFP Advisors Inc now owns 159 shares of the business services provider’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Torren Management LLC bought a new position in shares of FTI Consulting during the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd increased its stake in shares of FTI Consulting by 1,278.6% during 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 position in shares of FTI Consulting during the first quarter valued at approximately $33,000. Finally, Global Retirement Partners LLC purchased a new position in shares of FTI Consulting during the fourth quarter valued at approximately $41,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on FCN shares. The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research note on Tuesday, May 19th. Weiss Ratings cut FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Truist Financial boosted their target price on FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, FTI Consulting has an average rating of “Hold” and an average price target of $174.50.

FTI Consulting Stock Up 2.0%

NYSE:FCN opened at $170.51 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.30 and a current ratio of 2.30. The firm has a market cap of $5.14 billion, a P/E ratio of 20.27 and a beta of -0.04. FTI Consulting, Inc. has a fifty-two week low of $137.65 and a fifty-two week high of $189.30. The firm has a 50-day simple moving average of $155.14 and a two-hundred day simple moving average of $165.46.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 30th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.21). The firm had revenue of $983.35 million during the quarter, compared to the consensus estimate of $971.17 million. FTI Consulting had a return on equity of 15.14% and a net margin of 6.88%.The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. Analysts predict that FTI Consulting, Inc. will post 9.1 earnings per share for the current fiscal year.

FTI Consulting declared that its board has authorized a stock buyback program on Friday, June 5th that allows the company to repurchase $370.00 million in shares. This repurchase authorization allows 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 of directors believes its shares are undervalued.

Insider Activity at FTI Consulting

In other news, insider Paul Alderman Linton acquired 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $144.04 per share, for a total transaction of $345,696.00. Following the acquisition, the insider directly owned 92,824 shares in the company, valued at approximately $13,370,368.96. The trade was a 2.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Steven Henry Gunby acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $144.17 per share, for a total transaction of $1,441,700.00. Following the completion of the transaction, the chief executive officer directly owned 326,984 shares in the company, valued at $47,141,283.28. This represents a 3.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 14,400 shares of company stock valued at $2,076,576 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

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.