Xponance Inc. Acquires 300 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Xponance Inc. increased its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 18.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,942 shares of the business services provider’s stock after acquiring an additional 300 shares during the quarter. Xponance Inc.’s holdings in Huron Consulting Group were worth $279,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HURN. Franklin Resources Inc. increased its holdings in Huron Consulting Group by 16.4% in the 4th 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. Norges Bank bought a new position in Huron Consulting Group in the 4th quarter valued at about $7,427,000. Sunriver Management LLC increased its holdings in Huron Consulting Group by 10.7% in the 4th 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. Assenagon Asset Management S.A. increased its holdings in Huron Consulting Group by 27.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 177,449 shares of the business services provider’s stock valued at $25,455,000 after buying an additional 38,163 shares during the period. Finally, Millennium Management LLC increased its holdings in Huron Consulting Group by 58.7% in the 4th quarter. Millennium Management LLC now owns 92,872 shares of the business services provider’s stock valued at $11,540,000 after buying an additional 34,353 shares during the period. 93.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HURN shares. Barrington Research boosted their target price on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Wedbush boosted their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. Finally, Benchmark restated a “buy” rating and issued a $165.00 price target on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One 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 stock has a consensus rating of “Moderate Buy” and an average price target of $170.75.

Huron Consulting Group Trading Down 1.5%

Shares of HURN opened at $130.27 on Friday. The firm’s 50 day simple moving average is $140.28 and its 200 day simple moving average is $137.93. The company has a market capitalization of $2.25 billion, a P/E ratio of 19.53 and a beta of 0.28. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.08 and a quick ratio of 2.08. Huron Consulting Group Inc. has a 1-year low of $101.73 and a 1-year high of $155.00.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.16 by $0.52. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. Huron Consulting Group had a net margin of 7.88% and a return on equity of 24.68%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 earnings per share. Sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joy Brown sold 668 shares of the 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 sale, the director directly owned 8,896 shares of the company’s stock, valued at approximately $1,332,087.04. This represents a 6.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $68,370.00. Following the transaction, the director owned 51,817 shares of the company’s stock, valued at $7,085,456.58. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,708 shares of company stock valued at $377,421 in the last 90 days. 2.15% of the stock is currently owned by 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.