Allianz Asset Management GmbH Buys Shares of 4,800 Huron Consulting Group Inc. (NASDAQ:HURN)

Allianz Asset Management GmbH purchased a new position in Huron Consulting Group Inc. (NASDAQ:HURN) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,800 shares of the business services provider’s stock, valued at approximately $689,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group during the 4th quarter worth about $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of Huron Consulting Group during the 1st quarter worth about $35,000. CWM LLC boosted its stake in shares of Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock worth $58,000 after purchasing an additional 146 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $71,000 after buying an additional 122 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Huron Consulting Group in the first quarter valued at approximately $114,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huron Consulting Group

In other news, Director Joy Brown sold 668 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the transaction, the director directly owned 8,896 shares in the company, valued at $1,332,087.04. This trade represents a 6.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $68,370.00. Following the completion of the transaction, the director directly owned 51,817 shares in the company, 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 sold a total of 2,208 shares of company stock worth $310,606 in the last ninety days. Insiders own 2.15% of the company’s stock.

Huron Consulting Group Price Performance

HURN opened at $121.98 on Friday. Huron Consulting Group Inc. has a 1 year low of $101.73 and a 1 year high of $155.00. The company’s 50 day simple moving average is $136.45 and its 200 day simple moving average is $138.33. The stock has a market capitalization of $2.10 billion, a PE ratio of 21.29 and a beta of 0.28. 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 (NASDAQ:HURN) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.10. The company had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 24.90%. Huron Consulting Group’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. As a group, sell-side analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HURN shares. 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. Barrington Research raised their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.75.

Huron Consulting Group 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.