Envestnet Asset Management Inc. Sells 2,579 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Envestnet Asset Management Inc. lessened its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,896 shares of the business services provider’s stock after selling 2,579 shares during the quarter. Envestnet Asset Management Inc. owned about 0.32% of Huron Consulting Group worth $8,162,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of Huron Consulting Group during the first quarter valued at $35,000. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group during the fourth quarter worth about $33,000. Tower Research Capital LLC TRC boosted its stake in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after buying an additional 122 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at approximately $114,000. Finally, KBC Group NV bought a new stake in shares of Huron Consulting Group during the 1st quarter worth approximately $128,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Stock Down 0.0%

HURN opened at $130.22 on Tuesday. The business’s 50-day simple moving average is $140.28 and its 200-day simple moving average is $138.03. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08. Huron Consulting Group Inc. has a one year low of $101.73 and a one year high of $155.00. The stock has a market capitalization of $2.25 billion, a P/E ratio of 19.52 and a beta of 0.28.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. During the same quarter last year, the company posted $1.23 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. Analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,332,087.04. This represents a 6.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Mccartney sold 500 shares of the 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 transaction, the director directly owned 51,817 shares in the company, valued at $7,085,456.58. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,708 shares of company stock worth $377,421. Insiders own 2.15% of the company’s stock.

Analysts Set New Price Targets

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