Hsbc Holdings PLC boosted its position in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 103.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,243 shares of the business services provider’s stock after purchasing an additional 3,678 shares during the quarter. Hsbc Holdings PLC’s holdings in FTI Consulting were worth $1,277,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in shares of FTI Consulting by 1,666.7% in the fourth 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 during the period. Torren Management LLC bought a new position in FTI Consulting during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd raised its stake in FTI Consulting by 1,278.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider’s stock worth $31,000 after purchasing an additional 179 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FTI Consulting in the 1st quarter worth about $33,000. Finally, Global Retirement Partners LLC bought a new stake in FTI Consulting in the 4th quarter valued at about $41,000. Institutional investors own 99.36% of the company’s stock.
FTI Consulting Price Performance
FCN stock opened at $161.72 on Tuesday. The company’s 50-day moving average price is $154.58 and its two-hundred day moving average price is $165.56. The firm has a market cap of $4.87 billion, a P/E ratio of 19.23 and a beta of -0.04. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.45. FTI Consulting, Inc. has a 12 month low of $137.65 and a 12 month high of $189.30.
FTI Consulting declared that its board has initiated a share buyback plan on Friday, June 5th that allows the company to repurchase $370.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Analyst Upgrades and Downgrades
FCN has been the topic of several recent research reports. Truist Financial raised their target price on shares of FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $174.50.
Check Out Our Latest Stock Analysis on FTI Consulting
Insiders Place Their Bets
In other FTI Consulting news, CEO Steven Henry Gunby purchased 10,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $144.17 per share, with a total value of $1,441,700.00. Following the acquisition, the chief executive officer owned 326,984 shares of the company’s stock, valued at approximately $47,141,283.28. This represents a 3.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul Alderman Linton acquired 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $144.04 per share, with a total value of $345,696.00. Following the completion of the transaction, the insider owned 92,824 shares in the company, valued at $13,370,368.96. The trade was a 2.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 14,400 shares of company stock worth $2,076,576 over the last three months. 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.
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