1,642 Shares in Huron Consulting Group Inc. (NASDAQ:HURN) Bought by Xponance Inc.

Xponance Inc. acquired a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,642 shares of the business services provider’s stock, valued at approximately $204,000.

Several other institutional investors have also added to or reduced their stakes in HURN. Wellington Management Group LLP lifted its stake in shares of Huron Consulting Group by 29.1% in the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after purchasing an additional 121,371 shares during the period. TI Trust Inc. purchased a new position in Huron Consulting Group during the fourth quarter valued at $12,197,000. Franklin Resources Inc. boosted its holdings in shares of Huron Consulting Group by 20.5% during the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after buying an additional 67,239 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Huron Consulting Group in the 3rd quarter worth about $6,336,000. Finally, Jennison Associates LLC increased its stake in shares of Huron Consulting Group by 4.8% in the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after acquiring an additional 27,329 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Stock Performance

HURN stock opened at $142.30 on Friday. The stock has a market capitalization of $2.52 billion, a PE ratio of 30.93 and a beta of 0.53. The stock’s 50 day simple moving average is $136.15 and its 200 day simple moving average is $123.71. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $153.85. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $399.31 million for the quarter, compared to analysts’ expectations of $380.62 million. As a group, research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HURN shares. Truist Financial upped their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Benchmark restated a “buy” rating and issued a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday. Wedbush increased their target price on Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $167.00 price target on shares of Huron Consulting Group in a research report on Thursday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $169.25.

Insider Activity

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the transaction, the director now owns 56,688 shares of the company’s stock, valued at approximately $7,066,159.20. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total value of $4,037,621.52. Following the sale, the chief executive officer now owns 81,118 shares of the company’s stock, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,781 shares of company stock valued at $11,722,822 in the last 90 days. 2.02% of the stock is currently owned by insiders.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.