Victory Capital Management Inc. Has $1.25 Million Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Victory Capital Management Inc. increased its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,711 shares of the business services provider’s stock after purchasing an additional 1,019 shares during the period. Victory Capital Management Inc.’s holdings in Huron Consulting Group were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new stake in Huron Consulting Group during the 1st quarter worth approximately $203,000. KBC Group NV acquired a new position in Huron Consulting Group in the 1st quarter valued at $128,000. Lisanti Capital Growth LLC acquired a new position in Huron Consulting Group in the 1st quarter valued at $4,626,000. Teacher Retirement System of Texas raised its holdings in Huron Consulting Group by 32.5% in the 1st quarter. Teacher Retirement System of Texas now owns 31,781 shares of the business services provider’s stock valued at $4,559,000 after acquiring an additional 7,788 shares in the last quarter. Finally, Millennium Management LLC raised 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 acquiring an additional 34,353 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barrington Research lifted their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Wall Street Zen cut Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Huron Consulting Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.75.

Insider Buying and Selling

In related news, Director John Mccartney sold 500 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $68,370.00. Following the sale, the director owned 51,817 shares in the company, valued at $7,085,456.58. The trade was a 0.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $142,209.60. Following the sale, the director owned 8,162 shares in the company, 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 2,208 shares of company stock worth $310,606 in the last 90 days. Insiders own 2.15% of the company’s stock.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $131.93 on Thursday. 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 52 week low of $101.73 and a 52 week high of $155.00. The stock has a market capitalization of $2.28 billion, a P/E ratio of 19.78 and a beta of 0.28. The stock has a fifty day moving average of $137.73 and a 200-day moving average of $138.35.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 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 company had revenue of $404.14 million during the quarter, compared to analysts’ expectations of $389.27 million. During the same quarter in the previous year, the firm earned $1.23 EPS. Huron Consulting Group’s revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

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.