Synovus Financial Corp Acquires 5,912 Shares of FTI Consulting, Inc. (NYSE:FCN)

Synovus Financial Corp grew its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 125.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,622 shares of the business services provider's stock after purchasing an additional 5,912 shares during the period. Synovus Financial Corp's holdings in FTI Consulting were worth $2,030,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting in the 3rd quarter valued at about $35,000. Jones Financial Companies Lllp raised its position in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after buying an additional 197 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of FTI Consulting by 59.6% during the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after purchasing an additional 99 shares during the period. Versant Capital Management Inc lifted its position in FTI Consulting by 51.4% during the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock worth $90,000 after buying an additional 160 shares during the period. Finally, Covestor Ltd boosted its position in shares of FTI Consulting by 23.1% in the fourth quarter. Covestor Ltd now owns 708 shares of the business services provider's stock worth $135,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

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

FTI Consulting Trading Up 0.9 %

FCN traded up $1.44 during trading on Friday, reaching $165.32. 284,327 shares of the company were exchanged, compared to its average volume of 227,302. The firm has a 50 day moving average of $166.92 and a 200 day moving average of $190.01. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60. The stock has a market cap of $5.94 billion, a P/E ratio of 21.19 and a beta of 0.21.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $913.70 million. As a group, analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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.