Stifel Financial Corp Lowers Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Stifel Financial Corp lowered its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 20.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,849 shares of the business services provider’s stock after selling 961 shares during the period. Stifel Financial Corp’s holdings in Huron Consulting Group were worth $418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in Huron Consulting Group in the 2nd quarter valued at $28,000. Assetmark Inc. boosted its stake in Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after buying an additional 90 shares during the period. Creative Planning grew its position in Huron Consulting Group by 10.5% during the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after buying an additional 246 shares in the last quarter. Aristides Capital LLC bought a new position in Huron Consulting Group in the 2nd quarter worth about $296,000. Finally, Olympiad Research LP purchased a new stake in shares of Huron Consulting Group in the 3rd quarter valued at about $299,000. Institutional investors own 93.90% of the company’s stock.

Insider Buying and Selling at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total transaction of $256,840.00. Following the completion of the sale, the director now directly owns 54,825 shares in the company, valued at $7,040,626.50. This represents a 3.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the transaction, the director now directly owns 28,840 shares in the company, valued at $3,122,506.80. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,126 shares of company stock worth $865,710 over the last three months. Company insiders own 2.02% of the company’s stock.

Huron Consulting Group Stock Down 0.5 %

Shares of HURN opened at $122.95 on Friday. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $131.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $119.82 and a two-hundred day simple moving average of $109.94. The firm has a market cap of $2.18 billion, a P/E ratio of 26.73 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm’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 EPS. On average, analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, Barrington Research lifted their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $133.00.

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.