Synovus Financial Corp Grows Stake in FTI Consulting, Inc. (NYSE:FCN)

Synovus Financial Corp grew its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 125.5% in 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 buying an additional 5,912 shares during the quarter. Synovus Financial Corp's holdings in FTI Consulting were worth $2,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCN. CIBC Asset Management Inc increased its position in FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock valued at $207,000 after purchasing an additional 55 shares during the period. Exchange Traded Concepts LLC increased its holdings in FTI Consulting by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock valued at $657,000 after buying an additional 85 shares during the period. Sequoia Financial Advisors LLC increased its holdings in FTI Consulting by 3.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock valued at $457,000 after buying an additional 89 shares during the period. UMB Bank n.a. raised its stake in FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after buying an additional 99 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in FTI Consulting by 6.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock worth $348,000 after buying an additional 103 shares during the period. Institutional investors own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on FCN

FTI Consulting Trading Down 1.2 %

Shares of FCN opened at $165.08 on Wednesday. The firm has a market cap of $5.93 billion, a PE ratio of 21.16 and a beta of 0.21. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60. The stock has a fifty day moving average price of $168.10 and a 200-day moving average price of $190.62.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $894.92 million during the quarter, compared to analysts' expectations of $913.70 million. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

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.

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