BNP Paribas Financial Markets Buys 554 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

BNP Paribas Financial Markets increased its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,855 shares of the business services provider’s stock after purchasing an additional 554 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of Huron Consulting Group worth $1,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new position in Huron Consulting Group during the fourth quarter worth about $33,000. Tower Research Capital LLC TRC raised its position in shares of Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 122 shares during the period. Cibc World Markets Corp bought a new position in Huron Consulting Group during the 4th quarter worth approximately $204,000. Xponance Inc. bought a new position in Huron Consulting Group during the 4th quarter worth approximately $204,000. Finally, Two Sigma Securities LLC acquired a new position in Huron Consulting Group during the fourth quarter valued at approximately $209,000. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Up 3.3%

Huron Consulting Group stock opened at $152.93 on Monday. Huron Consulting Group Inc. has a twelve month low of $84.87 and a twelve month high of $155.00. 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 company has a 50 day moving average of $143.56 and a 200-day moving average of $132.91. The stock has a market capitalization of $2.64 billion, a PE ratio of 33.25 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 5.80% and a return on equity of 21.51%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 EPS. On average, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $133.63, for a total transaction of $66,815.00. Following the completion of the transaction, the director now directly owns 51,621 shares of the company’s stock, valued at $6,898,114.23. This trade represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Roth sold 8,641 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total transaction of $1,230,305.58. Following the completion of the sale, the director now directly owns 47,638 shares in the company, valued at approximately $6,782,698.44. This represents a 15.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,239 shares of company stock worth $11,168,801. Corporate insiders own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. StockNews.com cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Wedbush raised their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. Barrington Research boosted their target price on Huron Consulting Group from $167.00 to $173.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Finally, William Blair restated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Huron Consulting Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.75.

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.