4,687 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by Nomura Holdings Inc.

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

Other hedge funds also recently bought and sold shares of the company. Occudo Quantitative Strategies LP boosted its stake in FTI Consulting by 29.0% during the 4th quarter. Occudo Quantitative Strategies LP now owns 2,860 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 643 shares during the period. Lazard Asset Management LLC boosted its position in shares of FTI Consulting by 1,953.9% in 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 acquiring an additional 11,606 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of FTI Consulting in the fourth quarter valued at approximately $3,353,000. Gotham Asset Management LLC boosted its position in shares of 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 valued at $12,103,000 after acquiring an additional 49,452 shares during the period. Finally, Ethic Inc. boosted its position in shares of FTI Consulting by 15.7% in the fourth quarter. Ethic Inc. now owns 1,765 shares of the business services provider’s stock valued at $337,000 after acquiring an additional 239 shares during the period. 99.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Ajay Sabherwal sold 5,236 shares of FTI Consulting stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $164.60, for a total transaction of $861,845.60. Following the completion of the transaction, the chief financial officer now directly owns 24,777 shares of the company’s stock, valued at $4,078,294.20. This trade represents a 17.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.51% of the stock is owned by corporate insiders.

FTI Consulting Stock Performance

NYSE:FCN opened at $167.62 on Tuesday. The company has a 50-day moving average of $163.31 and a 200-day moving average of $181.44. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 21.49 and a beta of 0.18. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.50. The company had revenue of $898.28 million during the quarter, compared to the consensus estimate of $906.93 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $2.23 EPS. Sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has initiated a stock repurchase plan on Thursday, April 24th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

FCN has been the subject of a number of research reports. William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Friday, April 25th. The Goldman Sachs Group reduced their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Truist Financial downgraded 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 research report on Wednesday, April 2nd.

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.