Handelsbanken Fonder AB Sells 100 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Handelsbanken Fonder AB decreased its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,700 shares of the business services provider’s stock after selling 100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Huron Consulting Group were worth $531,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group in the fourth quarter worth $33,000. Tower Research Capital LLC TRC grew its stake in shares of Huron Consulting Group by 27.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after purchasing an additional 122 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Huron Consulting Group in the fourth quarter worth $204,000. Xponance Inc. acquired a new position in Huron Consulting Group in the fourth quarter valued at $204,000. Finally, Two Sigma Securities LLC acquired a new position in Huron Consulting Group in the fourth quarter valued at $209,000. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN opened at $134.70 on Monday. The firm’s 50-day moving average price is $143.67 and its 200-day moving average price is $135.84. Huron Consulting Group Inc. has a 1-year low of $94.31 and a 1-year high of $155.00. The firm has a market capitalization of $2.32 billion, a P/E ratio of 29.28 and a beta of 0.30. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. During the same quarter in the prior year, the business earned $1.23 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joy Brown sold 668 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total value of $100,026.32. Following the completion of the transaction, the director now directly owns 8,896 shares of the company’s stock, valued at approximately $1,332,087.04. This trade represents a 6.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mccartney sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $142.67, for a total transaction of $71,335.00. Following the completion of the transaction, the director now directly owns 52,121 shares of the company’s stock, valued at approximately $7,436,103.07. This trade represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,951 shares of company stock valued at $2,758,473. Corporate insiders own 2.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on HURN shares. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Benchmark restated a “buy” rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Barrington Research boosted their target price on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Finally, Wedbush boosted their target price 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.75.

Huron Consulting Group Company 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.