Natixis Advisors LLC Increases Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Natixis Advisors LLC grew its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 32.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,571 shares of the business services provider’s stock after purchasing an additional 4,576 shares during the quarter. Natixis Advisors LLC owned about 0.10% of Huron Consulting Group worth $2,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Simplicity Wealth LLC purchased a new stake in shares of Huron Consulting Group in the second quarter valued at about $584,000. Vanguard Group Inc. grew its stake in shares of Huron Consulting Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock valued at $200,378,000 after buying an additional 25,905 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Huron Consulting Group by 435.2% during the 2nd quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock worth $6,370,000 after buying an additional 52,589 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Huron Consulting Group during the 2nd quarter valued at approximately $9,533,000. Finally, Assetmark Inc. lifted its holdings in Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 90 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $115.82, for a total transaction of $120,684.44. Following the completion of the transaction, the director now owns 27,798 shares in the company, valued at approximately $3,219,564.36. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the sale, the director now owns 54,825 shares in the company, valued at approximately $7,040,626.50. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,126 shares of company stock valued at $604,420 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Finally, Barrington Research upped their target price on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group presently has an average rating of “Buy” and an average target price of $133.00.

Huron Consulting Group Price Performance

Shares of HURN opened at $125.60 on Tuesday. The company has a market cap of $2.23 billion, a P/E ratio of 27.30 and a beta of 0.60. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $131.06. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average price is $112.57 and its 200 day moving average price is $104.48.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. The business had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. On average, research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal 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.