Principal Financial Group Inc. grew its holdings in Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) by 43.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,416 shares of the business services provider’s stock after purchasing an additional 6,495 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of Huron Consulting Group worth $1,721,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of HURN. New York State Teachers Retirement System acquired a new position in Huron Consulting Group during the 1st quarter worth about $30,000. Money Concepts Capital Corp acquired a new position in Huron Consulting Group during the 4th quarter worth about $56,000. Lazard Asset Management LLC acquired a new position in Huron Consulting Group during the 1st quarter worth about $68,000. Point72 Hong Kong Ltd acquired a new position in Huron Consulting Group during the 1st quarter worth about $116,000. Finally, Ensign Peak Advisors Inc acquired a new position in Huron Consulting Group during the 3rd quarter worth about $180,000. Institutional investors and hedge funds own 92.43% of the company’s stock.
Wall Street Analysts Forecast Growth
HURN has been the topic of several research reports. Barrington Research increased their target price on Huron Consulting Group from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. StockNews.com assumed coverage on Huron Consulting Group in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Benchmark upped their price target on Huron Consulting Group from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 28th.
Huron Consulting Group Price Performance
Shares of NASDAQ HURN opened at $100.79 on Tuesday. The stock’s 50-day moving average is $91.54 and its two-hundred day moving average is $84.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.90. Huron Consulting Group Inc. has a 1-year low of $64.05 and a 1-year high of $104.56. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 27.54 and a beta of 0.54.
Huron Consulting Group (NASDAQ:HURN – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.40. Huron Consulting Group had a return on equity of 15.96% and a net margin of 5.64%. The company had revenue of $346.76 million for the quarter, compared to the consensus estimate of $313.21 million. During the same quarter in the prior year, the business earned $0.83 EPS. Huron Consulting Group’s revenue was up 26.9% on a year-over-year basis. Analysts forecast that Huron Consulting Group Inc. will post 4.52 EPS for the current fiscal year.
In other news, insider Kyle Featherstone sold 320 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $97.55, for a total value of $31,216.00. Following the transaction, the insider now owns 2,132 shares in the company, valued at approximately $207,976.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $99.27, for a total value of $198,540.00. Following the transaction, the director now owns 82,331 shares in the company, valued at approximately $8,172,998.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kyle Featherstone sold 320 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $97.55, for a total value of $31,216.00. Following the completion of the transaction, the insider now owns 2,132 shares in the company, valued at approximately $207,976.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,871 shares of company stock worth $785,064. 1.85% 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 advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; financial advisory; software products; and digital solutions, spanning technology and analytic-related services to national and regional health systems, academic and community health systems, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.
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