Bank of New York Mellon Corp Sells 2,884 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Bank of New York Mellon Corp decreased its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,686 shares of the business services provider’s stock after selling 2,884 shares during the period. Bank of New York Mellon Corp owned about 0.35% of Huron Consulting Group worth $8,992,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Huron Consulting Group in the 1st quarter worth $35,000. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group during the 4th quarter worth about $33,000. Tower Research Capital LLC TRC grew its position in shares of Huron Consulting Group by 27.3% during 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. USA Financial Formulas acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at about $114,000. Finally, KBC Group NV acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at about $128,000. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $130.22 on Tuesday. The firm’s 50 day moving average price is $140.28 and its 200-day moving average price is $138.03. Huron Consulting Group Inc. has a twelve month low of $101.73 and a twelve month high of $155.00. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $2.25 billion, a PE ratio of 18.77 and a beta of 0.28.

Huron Consulting Group (NASDAQ:HURN) last released 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 return on equity of 24.68% and a net margin of 7.88%. The firm 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 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insiders Place Their Bets

In other news, Director H Eugene Lockhart sold 1,040 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 value of $142,209.60. Following the completion of the transaction, the director owned 8,162 shares in the company, valued at approximately $1,116,071.88. This trade represents a 11.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joy Brown sold 668 shares of the business’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 directly owned 8,896 shares in the company, valued at approximately $1,332,087.04. The trade was a 6.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,708 shares of company stock valued at $377,421 in the last three months. 2.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Benchmark reiterated a “buy” rating and issued a $165.00 price objective on shares of Huron Consulting Group in a report on Wednesday, March 26th. Wall Street Zen cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Barrington Research raised their price target 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 raised their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research 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 company. According to data from MarketBeat.com, the stock presently 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.