Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,896 shares of the business services provider’s stock after selling 2,579 shares during the period. 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 hedge funds have also recently added to or reduced their stakes in HURN. Wellington Management Group LLP raised its position in Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock valued at $67,503,000 after purchasing an additional 4,946 shares during the period. Sunriver Management LLC raised its holdings in shares of 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 purchasing an additional 46,968 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Huron Consulting Group by 16.4% during the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after acquiring an additional 64,862 shares in the last quarter. Northern Trust Corp lifted its stake in Huron Consulting Group by 10.0% during the fourth quarter. Northern Trust Corp now owns 256,895 shares of the business services provider’s stock worth $31,922,000 after purchasing an additional 23,392 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its holdings in Huron Consulting Group by 1.3% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 242,558 shares of the business services provider’s stock valued at $30,140,000 after purchasing an additional 3,068 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HURN. Barrington Research boosted their price target on Huron Consulting Group from $167.00 to $173.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Wedbush boosted 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 note 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 given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.75.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $68,370.00. Following the completion of the sale, the director directly owned 51,817 shares of the company’s stock, valued at approximately $7,085,456.58. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the transaction, the director directly owned 8,162 shares of the company’s stock, valued at $1,116,071.88. This represents a 11.30% decrease in their position. 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 over the last three months. Company insiders own 2.15% of the company’s stock.

Huron Consulting Group Stock Down 0.0%

HURN stock opened at $130.22 on Tuesday. Huron Consulting Group Inc. has a 1-year low of $101.73 and a 1-year high of $155.00. The firm has a fifty day moving average price of $140.28 and a two-hundred day moving average price of $138.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 19.52 and a beta of 0.28.

Huron Consulting Group (NASDAQ:HURN) last issued 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. The firm 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%. Huron Consulting Group’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. Research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.