Resona Asset Management Co. Ltd. Acquires Shares of 6,397 FTI Consulting, Inc. (NYSE:FCN)

Resona Asset Management Co. Ltd. purchased a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,397 shares of the business services provider's stock, valued at approximately $1,223,000.

A number of other large investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in FTI Consulting in the 3rd quarter valued at $35,000. Quarry LP raised its holdings in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after acquiring an additional 125 shares during the period. Jones Financial Companies Lllp lifted its holdings in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after purchasing an additional 197 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after buying an additional 99 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in FTI Consulting by 51.4% in the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock worth $90,000 after purchasing an additional 160 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Trading Up 0.3 %

NYSE FCN traded up $0.42 during mid-day trading on Wednesday, hitting $165.42. The company's stock had a trading volume of 49,396 shares, compared to its average volume of 339,048. The company's 50 day simple moving average is $168.10 and its 200 day simple moving average is $190.62. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 21.21 and a beta of 0.21. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60.

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FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analyst Ratings Changes

FCN has been the subject of a number of recent analyst reports. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and cut their target price for the company from $225.00 to $178.00 in a research report on Wednesday, April 2nd. StockNews.com cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, February 21st.

FTI Consulting Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.