Russell Investments Group Ltd. Grows Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Russell Investments Group Ltd. boosted its stake in Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) by 55.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,130 shares of the business services provider’s stock after acquiring an additional 7,854 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Huron Consulting Group worth $1,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of Huron Consulting Group by 24.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 42,574 shares of the business services provider’s stock valued at $3,091,000 after buying an additional 8,287 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Huron Consulting Group by 5.4% during the 4th quarter. New York State Common Retirement Fund now owns 73,552 shares of the business services provider’s stock valued at $5,340,000 after buying an additional 3,765 shares during the last quarter. Eagle Bay Advisors LLC raised its position in shares of Huron Consulting Group by 17.9% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,123 shares of the business services provider’s stock valued at $154,000 after acquiring an additional 322 shares in the last quarter. IFP Advisors Inc raised its position in shares of Huron Consulting Group by 19.1% during the 3rd quarter. IFP Advisors Inc now owns 1,529 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 245 shares in the last quarter. Finally, IMA Wealth Inc. raised its position in shares of Huron Consulting Group by 33.3% during the 3rd quarter. IMA Wealth Inc. now owns 2,541 shares of the business services provider’s stock valued at $168,000 after acquiring an additional 635 shares in the last quarter. 93.71% of the stock is currently owned by hedge funds and other institutional investors.

Huron Consulting Group Price Performance

Shares of HURN opened at $83.19 on Wednesday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 27.28 and a beta of 0.56. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.44 and a current ratio of 2.44. Huron Consulting Group Inc. has a one year low of $56.38 and a one year high of $87.44. The stock’s fifty day moving average is $80.12 and its 200-day moving average is $75.41.

Huron Consulting Group (NASDAQ:HURN – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $317.90 million for the quarter, compared to analyst estimates of $299.65 million. Huron Consulting Group had a return on equity of 14.08% and a net margin of 5.09%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Equities analysts anticipate that Huron Consulting Group Inc. will post 4.13 EPS for the current year.

Insider Activity at Huron Consulting Group

In other news, CEO C. Mark Hussey bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was acquired at an average price of $72.48 per share, with a total value of $144,960.00. Following the completion of the purchase, the chief executive officer now directly owns 110,286 shares of the company’s stock, valued at approximately $7,993,529.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, CEO C. Mark Hussey bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was acquired at an average price of $72.48 per share, with a total value of $144,960.00. Following the completion of the purchase, the chief executive officer now directly owns 110,286 shares of the company’s stock, valued at approximately $7,993,529.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO John D. Kelly bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were purchased at an average cost of $75.29 per share, with a total value of $112,935.00. Following the purchase, the chief financial officer now directly owns 47,798 shares of the company’s stock, valued at $3,598,711.42. The disclosure for this purchase can be found here. Company insiders own 1.85% of the company’s stock.

Wall Street Analysts Forecast Growth

HURN has been the topic of several research reports. StockNews.com initiated coverage on Huron Consulting Group in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Benchmark upped their price target on Huron Consulting Group from $95.00 to $100.00 in a research report on Wednesday, May 3rd. Barrington Research increased their target price on Huron Consulting Group from $89.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, March 3rd. Finally, Truist Financial increased their target price on Huron Consulting Group from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd.

Huron Consulting Group Profile

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Huron Consulting Group, Inc engages in the provision of technology, data, and analytics solutions. It operates through the following segments: Healthcare, Education, and Commercial. The Healthcare segment focuses on serving acute care providers including national and regional health systems, academic health systems, and community health systems, and public, children, and critical access hospitals, and non-acute care providers including physician practices and medical groups, payors, and long-term care or post-acute providers.