Huron Consulting Group Inc. $HURN Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 0.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,924,103 shares of the business services provider’s stock after acquiring an additional 3,259 shares during the quarter. Vanguard Group Inc. owned about 11.16% of Huron Consulting Group worth $276,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group during the 4th quarter worth approximately $33,000. Opal Wealth Advisors LLC acquired a new stake in Huron Consulting Group during the 1st quarter worth approximately $35,000. CWM LLC lifted its position in 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 acquiring an additional 146 shares during the period. Vestcor Inc acquired a new stake in Huron Consulting Group during the 1st quarter worth approximately $60,000. Finally, Tower Research Capital LLC TRC lifted its position in 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 worth $71,000 after acquiring an additional 122 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $128.98, for a total value of $257,960.00. Following the completion of the transaction, the director directly owned 43,304 shares of the company’s stock, valued at $5,585,349.92. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Mccartney sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $129.11, for a total value of $64,555.00. Following the completion of the transaction, the director directly owned 51,317 shares of the company’s stock, valued at $6,625,537.87. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,708 shares of company stock valued at $633,121. Company insiders own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HURN shares. Barrington Research increased their target price on Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.50.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $133.17 on Monday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 23.24 and a beta of 0.26. The stock has a 50 day simple moving average of $133.80 and a 200-day simple moving average of $138.74. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%. The business had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. During the same period in the prior year, the business posted $1.68 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current 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.