Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Comerica Bank

Comerica Bank decreased its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,095 shares of the business services provider’s stock after selling 201 shares during the period. Comerica Bank’s holdings in Huron Consulting Group were worth $136,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in shares of Huron Consulting Group by 4.8% during the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock valued at $74,722,000 after acquiring an additional 27,329 shares during the period. Wellington Management Group LLP boosted its holdings in Huron Consulting Group by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock valued at $67,503,000 after acquiring an additional 4,946 shares during the period. Sunriver Management LLC lifted its stake in shares of Huron Consulting Group by 10.7% in the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock valued at $60,465,000 after buying an additional 46,968 shares during the period. Franklin Resources Inc. lifted its stake in shares of Huron Consulting Group by 16.4% in the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock valued at $57,240,000 after buying an additional 64,862 shares during the period. Finally, William Blair Investment Management LLC raised its position in Huron Consulting Group by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider’s stock worth $31,931,000 after purchasing an additional 6,338 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HURN shares. Benchmark reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Truist Financial boosted their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. StockNews.com downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Wedbush boosted their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, March 26th. Finally, William Blair reaffirmed 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.75.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total transaction of $75,565.00. Following the transaction, the director now directly owns 55,688 shares of the company’s stock, valued at approximately $8,416,127.44. The trade was a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the sale, the chief executive officer now directly owns 81,118 shares in the company, valued at $11,835,927.38. This represents a 25.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,239 shares of company stock worth $11,168,801. 2.15% of the stock is currently owned by insiders.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $152.93 on Monday. Huron Consulting Group Inc. has a one year low of $84.87 and a one year high of $155.00. The firm has a 50-day moving average of $143.56 and a 200-day moving average of $132.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $2.64 billion, a P/E ratio of 33.25 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.52. The firm had revenue of $404.14 million during the quarter, compared to the consensus estimate 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 was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. Equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

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.