Resona Asset Management Co. Ltd. Makes New $1.22 Million Investment in FTI Consulting, Inc. (NYSE:FCN)

Resona Asset Management Co. Ltd. bought a new stake in FTI Consulting, Inc. (NYSE:FCN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,397 shares of the business services provider’s stock, valued at approximately $1,223,000.

A number of other large investors also recently made changes to their positions in FCN. Wilmington Savings Fund Society FSB purchased a new position in FTI Consulting in the third quarter worth $35,000. Quarry LP boosted its holdings in shares of FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after buying an additional 125 shares during the last quarter. Jones Financial Companies Lllp grew its position in FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after buying an additional 197 shares during the period. UMB Bank n.a. increased its holdings in FTI Consulting by 59.6% during 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 during the last quarter. Finally, Versant Capital Management Inc raised its position in FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock worth $90,000 after acquiring an additional 160 shares during the period. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Down 0.5 %

Shares of NYSE:FCN opened at $160.74 on Friday. The company has a 50-day moving average price of $169.79 and a two-hundred day moving average price of $191.90. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The firm has a market capitalization of $5.77 billion, a PE ratio of 20.61 and a beta of 0.21.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. Analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.