Nisa Investment Advisors LLC Purchases 148 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Nisa Investment Advisors LLC raised its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,094 shares of the business services provider’s stock after buying an additional 148 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Huron Consulting Group were worth $157,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HURN. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group during the 4th quarter worth approximately $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $35,000. Tower Research Capital LLC TRC lifted 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 worth $71,000 after purchasing an additional 122 shares during the period. USA Financial Formulas acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $114,000. Finally, KBC Group NV acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $128,000. 93.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research upped their price objective 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. Wedbush upped 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, Benchmark restated a “buy” rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.75.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $132.30 on Friday. Huron Consulting Group Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $155.00. The business has a 50-day simple moving average of $140.68 and a two-hundred day simple moving average of $137.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 19.84 and a beta of 0.28.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.52. Huron Consulting Group had a return on equity of 24.68% and a net margin of 7.88%. The company had revenue of $404.14 million during the quarter, compared to the consensus estimate of $389.27 million. During the same period in the previous year, the company posted $1.23 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $68,370.00. Following the completion of the sale, the director owned 51,817 shares of the company’s stock, valued at $7,085,456.58. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joy Brown sold 668 shares of Huron Consulting Group 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 transaction, the director owned 8,896 shares of the company’s stock, valued at approximately $1,332,087.04. This represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,708 shares of company stock valued at $377,421. 2.15% of the stock is currently 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.