Victory Capital Takes 5.0% Passive Stake in FTI Consulting

TL;DR

**Victory Capital just disclosed a 5.0% passive stake in FTI Consulting.**

AI Summary

Victory Capital Management Inc. reported owning 5.0% of FTI Consulting Inc.'s common stock as of December 31, 2023. This filing, an SC 13G, indicates that Victory Capital is a passive investor, meaning they don't intend to influence FTI Consulting's management or operations. For current or potential FTI Consulting shareholders, this signals that a significant institutional investor sees value in the company, but it doesn't suggest any upcoming strategic changes driven by this stake.

Why It Matters

This filing shows a major institutional investor, Victory Capital Management Inc., has a significant stake in FTI Consulting, which can be a vote of confidence for other investors.

Risk Assessment

Risk Level: low — This is a passive investment by an institutional fund, indicating no immediate intent to influence company operations, thus posing low risk.

Analyst Insight

Investors should note the institutional confidence in FTI Consulting but understand that this passive stake doesn't signal any immediate operational changes or activist pressure.

Key Numbers

• 5.0% — Percentage of Class Owned (Victory Capital Management Inc.'s ownership stake in FTI Consulting Inc.)
• December 31, 2023 — Date of Event (The date that triggered the requirement for this SC 13G filing)
• 302941109 — CUSIP Number (Unique identification number for FTI Consulting Inc.'s Common Stock)

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person and institutional investor
• FTI Consulting Inc. (company) — the subject company whose stock was acquired
• 07 Trade & Services (company) — organization name associated with FTI Consulting
• 555 12th Street NW, Washington, DC 20004 (company) — business address of FTI Consulting Inc.
• 15935 La Cantera Parkway, San Antonio, TX 78256 (company) — business address of Victory Capital Management Inc.

Forward-Looking Statements

• Victory Capital Management Inc. will maintain its passive investment stance in FTI Consulting Inc. (Victory Capital Management Inc.) — high confidence, target: Next 12 months
• FTI Consulting Inc.'s stock price will not experience significant volatility directly due to this passive stake disclosure. (FTI Consulting Inc.) — medium confidence, target: Next 3 months

FAQ

Filing Documents

• fticonsulting13g_123123.htm (SC 13G) — 38KB
• 0001040188-24-000030.txt ( ) — 40KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1989514 (b) Percent of class: 5.60% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1952914 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1989514 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein of FTI Consulting. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 302941109 13G Page 4 of 4 Pages

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/7/2024 Date /s / Barry Garrett Barry Garrett/Chief Compliance Officer

View Full Filing

View this SC 13G filing on SEC EDGAR