Federated Hermes Inc. Decreases Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Federated Hermes Inc. lowered its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,810 shares of the business services provider’s stock after selling 2,689 shares during the period. Federated Hermes Inc.’s holdings in Huron Consulting Group were worth $8,718,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in shares of Huron Consulting Group in the 4th quarter worth about $42,000. Assetmark Inc. raised its position in Huron Consulting Group by 28.6% in the third quarter. Assetmark Inc. now owns 1,098 shares of the business services provider’s stock worth $114,000 after acquiring an additional 244 shares during the period. New York State Teachers Retirement System purchased a new position in Huron Consulting Group in the fourth quarter valued at about $175,000. Olympiad Research LP purchased a new position in Huron Consulting Group in the third quarter valued at about $217,000. Finally, Corton Capital Inc. bought a new position in shares of Huron Consulting Group during the 3rd quarter valued at approximately $219,000. Institutional investors own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HURN shares. StockNews.com cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Barrington Research boosted their target price on Huron Consulting Group from $128.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $93.44 on Thursday. The firm’s 50 day moving average is $97.41 and its 200 day moving average is $100.97. The stock has a market capitalization of $1.73 billion, a P/E ratio of 29.20 and a beta of 0.58. Huron Consulting Group Inc. has a 12 month low of $70.66 and a 12 month high of $113.31. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, February 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. Huron Consulting Group had a net margin of 4.47% and a return on equity of 17.77%. The business had revenue of $339.23 million for the quarter, compared to analysts’ expectations of $341.71 million. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Huron Consulting Group Inc. will post 5.64 earnings per share for the current year.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the transaction, the director now owns 56,919 shares of the company’s stock, valued at approximately $5,585,461.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.13, for a total value of $29,439.00. Following the sale, the director now directly owns 56,919 shares in the company, valued at approximately $5,585,461.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Roth sold 6,804 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $95.00, for a total transaction of $646,380.00. Following the transaction, the director now owns 62,825 shares of the company’s stock, valued at $5,968,375. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,080 shares of company stock valued at $4,146,076. Corporate insiders own 2.20% of the company’s stock.

Huron Consulting Group 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.