Synovus Financial Corp Has $2.05 Million Stock Position in FTI Consulting, Inc. $FCN

Key Points

• Synovus Financial Corp increased its stake in FTI Consulting, Inc. by 17.5% during the first quarter, now owning 12,481 shares valued at approximately $2,048,000.
• FTI Consulting recently reported quarterly earnings of $2.13 EPS, surpassing analyst estimates, despite a 6.82% net margin and a slight revenue decline of 0.6% year-over-year.
• Institutional investors account for a significant 99.36% of FTI Consulting's shares, indicating strong confidence in the company's performance.

Synovus Financial Corp boosted its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 17.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,481 shares of the business services provider's stock after buying an additional 1,859 shares during the quarter. Synovus Financial Corp's holdings in FTI Consulting were worth $2,048,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FCN. Victory Capital Management Inc. boosted its stake in FTI Consulting by 11.0% during the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock valued at $254,288,000 after buying an additional 153,523 shares in the last quarter. Boston Partners boosted its stake in FTI Consulting by 67.3% during the first quarter. Boston Partners now owns 226,574 shares of the business services provider's stock valued at $37,286,000 after buying an additional 91,182 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in FTI Consulting by 30.4% during the fourth quarter. Ameriprise Financial Inc. now owns 276,702 shares of the business services provider's stock valued at $52,886,000 after buying an additional 64,431 shares in the last quarter. Northern Trust Corp boosted its position in shares of FTI Consulting by 20.7% in the 4th quarter. Northern Trust Corp now owns 357,614 shares of the business services provider's stock valued at $68,351,000 after purchasing an additional 61,278 shares during the period. Finally, Gotham Asset Management LLC boosted its position in shares of FTI Consulting by 356.5% in the 4th quarter. Gotham Asset Management LLC now owns 63,325 shares of the business services provider's stock valued at $12,103,000 after purchasing an additional 49,452 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Trading Up 0.2%

Shares of NYSE:FCN traded up $0.39 during midday trading on Monday, reaching $168.57. The company had a trading volume of 208,972 shares, compared to its average volume of 291,435. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $231.65. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 23.74 and a beta of 0.21. The company has a fifty day simple moving average of $166.45 and a two-hundred day simple moving average of $165.33.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.26. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The business had revenue of $943.66 million during the quarter, compared to analyst estimates of $928.38 million. During the same quarter last year, the company posted $2.34 EPS. FTI Consulting's revenue for the quarter was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. Research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

About FTI Consulting

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.