Raymond James Financial Inc. Invests $1.30 Million in Huron Consulting Group Inc. (NASDAQ:HURN)

Raymond James Financial Inc. acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,477 shares of the business services provider’s stock, valued at approximately $1,301,000. Raymond James Financial Inc. owned 0.06% of Huron Consulting Group as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HURN. TI Trust Inc. bought a new position in shares of Huron Consulting Group in the 4th quarter worth about $12,197,000. Franklin Resources Inc. increased its holdings in Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after purchasing an additional 67,239 shares in the last quarter. Norges Bank acquired a new position in Huron Consulting Group in the fourth quarter valued at approximately $7,427,000. Jennison Associates LLC boosted its holdings in shares of Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after buying an additional 27,329 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Huron Consulting Group by 29.6% during the 4th quarter. JPMorgan Chase & Co. now owns 101,041 shares of the business services provider’s stock worth $12,555,000 after buying an additional 23,059 shares during the period. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

HURN stock opened at $147.36 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.64 billion, a PE ratio of 32.03 and a beta of 0.37. The business has a 50 day moving average of $143.09 and a 200-day moving average of $129.80. Huron Consulting Group Inc. has a 12-month low of $84.87 and a 12-month high of $153.85.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.52. The firm had revenue of $404.14 million during the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. As a group, sell-side analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on HURN. Wedbush lifted their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Benchmark reaffirmed a “buy” rating and issued a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research reaffirmed an “outperform” rating and set a $167.00 price target on shares of Huron Consulting Group in a research note on Thursday, March 27th. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Truist Financial upped their target price on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Huron Consulting Group currently has an average rating of “Moderate Buy” and an average target price of $169.25.

Insider Transactions at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $125.15, for a total value of $130,406.30. Following the completion of the transaction, the director now directly owns 24,672 shares in the company, valued at approximately $3,087,700.80. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,781 shares of company stock valued at $11,484,452. 2.15% of the stock is owned by corporate insiders.

About Huron Consulting Group

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.