Synovus Financial Corp Has $1.07 Million Stake in FTI Consulting, Inc. (NYSE:FCN)

Synovus Financial Corp increased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 5.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,710 shares of the business services provider’s stock after purchasing an additional 246 shares during the quarter. Synovus Financial Corp’s holdings in FTI Consulting were worth $1,072,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in FTI Consulting by 4.3% during the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock worth $23,782,000 after buying an additional 4,516 shares during the last quarter. American Century Companies Inc. increased its holdings in FTI Consulting by 76.3% during the 2nd quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock worth $48,439,000 after purchasing an additional 97,244 shares in the last quarter. Raymond James & Associates raised its position in FTI Consulting by 3.6% in the 3rd quarter. Raymond James & Associates now owns 143,305 shares of the business services provider’s stock valued at $32,610,000 after buying an additional 5,044 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after purchasing an additional 123,177 shares during the last quarter. Finally, Montanaro Asset Management Ltd lifted its position in FTI Consulting by 11.1% during the 3rd quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider’s stock worth $6,827,000 after buying an additional 3,000 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FCN shares. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial boosted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Trading Up 0.3 %

FCN stock opened at $199.19 on Tuesday. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The business’s 50 day simple moving average is $206.69 and its 200 day simple moving average is $215.49. The firm has a market capitalization of $7.16 billion, a PE ratio of 22.90 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). The company had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. FTI Consulting’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 earnings per share. As a group, sell-side analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal 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.