Fmr LLC Has $2.33 Million Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Fmr LLC raised its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 32.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,394 shares of the business services provider’s stock after buying an additional 5,230 shares during the quarter. Fmr LLC owned about 0.12% of Huron Consulting Group worth $2,326,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Huron Consulting Group in the second quarter valued at about $28,000. Assetmark Inc. increased its position in Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 90 shares during the period. Dakota Wealth Management acquired a new stake in shares of Huron Consulting Group during the 2nd quarter worth approximately $219,000. Creative Planning grew its position in Huron Consulting Group by 10.5% in the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 246 shares during the period. Finally, Aristides Capital LLC acquired a new stake in Huron Consulting Group in the 2nd quarter valued at $296,000. Institutional investors own 93.90% of the company’s stock.

Insider Buying and Selling

In other news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total value of $247,400.00. Following the transaction, the director now owns 52,825 shares in the company, valued at $6,534,452.50. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $115.82, for a total value of $120,684.44. Following the completion of the transaction, the director now owns 27,798 shares in the company, valued at approximately $3,219,564.36. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,126 shares of company stock worth $865,710 in the last three months. 2.02% of the stock is owned by insiders.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $120.66 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $131.06. The stock’s 50 day simple moving average is $117.16 and its two-hundred day simple moving average is $108.17. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 26.23 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. During the same quarter in the previous year, the company posted $1.39 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate 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 brokerages recently weighed in on HURN. Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. Barrington Research upped their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group has a consensus rating of “Buy” and a consensus target price of $133.00.

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.