Nomura Holdings Inc. Takes $896,000 Position in FTI Consulting, Inc. (NYSE:FCN)

Nomura Holdings Inc. bought a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,687 shares of the business services provider's stock, valued at approximately $896,000.

Other large investors have also recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP lifted its position in shares of FTI Consulting by 29.0% in the 4th quarter. Occudo Quantitative Strategies LP now owns 2,860 shares of the business services provider's stock worth $547,000 after buying an additional 643 shares during the last quarter. Lazard Asset Management LLC lifted its stake in FTI Consulting by 1,953.9% during the fourth quarter. Lazard Asset Management LLC now owns 12,200 shares of the business services provider's stock valued at $2,331,000 after purchasing an additional 11,606 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in FTI Consulting in the 4th quarter valued at approximately $3,353,000. Gotham Asset Management LLC grew its position in FTI Consulting by 356.5% in the fourth quarter. Gotham Asset Management LLC now owns 63,325 shares of the business services provider's stock worth $12,103,000 after acquiring an additional 49,452 shares in the last quarter. Finally, Ethic Inc. boosted its holdings in shares of FTI Consulting by 15.7% during the 4th quarter. Ethic Inc. now owns 1,765 shares of the business services provider's stock worth $337,000 after buying an additional 239 shares during the period. 99.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FCN has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Truist Financial downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th.

FTI Consulting Trading Up 0.2%

Shares of FTI Consulting stock traded up $0.33 during mid-day trading on Friday, reaching $166.93. 349,084 shares of the stock were exchanged, compared to its average volume of 251,006. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 21.40 and a beta of 0.18. The firm has a 50-day simple moving average of $163.55 and a 200 day simple moving average of $180.49. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60.

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

FTI Consulting announced that its board has authorized a stock repurchase plan on Thursday, April 24th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Activity at FTI Consulting

In other news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $164.60, for a total value of $861,845.60. Following the sale, the chief financial officer now directly owns 24,777 shares in the company, valued at approximately $4,078,294.20. This trade represents a 17.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.51% of the stock is owned by insiders.

FTI Consulting Company 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.