4,687 Shares in FTI Consulting, Inc. (NYSE:FCN) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,687 shares of the business services provider's stock, valued at approximately $896,000.

Several other hedge funds also recently made changes to their positions in FCN. GeoWealth Management LLC increased its stake in FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after purchasing an additional 57 shares in the last quarter. Jones Financial Companies Lllp increased 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 worth $47,000 after acquiring an additional 197 shares in the last quarter. UMB Bank n.a. grew its position in 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 in the last quarter. Quarry LP grew its position in FTI Consulting by 115.4% during the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock worth $67,000 after purchasing an additional 187 shares in the last quarter. Finally, Covestor Ltd grew its position in FTI Consulting by 23.1% during the 4th quarter. Covestor Ltd now owns 708 shares of the business services provider's stock worth $135,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Wall Street Analyst Weigh In

FCN has been the topic of a number of research analyst reports. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and dropped their target price for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st.

FTI Consulting Stock Up 0.5%

FTI Consulting stock opened at $167.62 on Tuesday. The company's fifty day simple moving average is $163.31 and its 200-day simple moving average is $181.44. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60. The stock has a market cap of $5.75 billion, a P/E ratio of 21.49 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.50. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. During the same quarter in the previous year, the company posted $2.23 earnings per share. The business's quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its Board of Directors has initiated a share repurchase program on Thursday, April 24th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Ajay Sabherwal sold 5,236 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $164.60, for a total transaction of $861,845.60. Following the completion of the sale, the chief financial officer now owns 24,777 shares in the company, valued at approximately $4,078,294.20. This represents a 17.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.51% of the company's stock.

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.

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