Swiss National Bank Sells 200 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Swiss National Bank lessened its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,000 shares of the business services provider’s stock after selling 200 shares during the period. Swiss National Bank owned 0.20% of Huron Consulting Group worth $4,349,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Huron Consulting Group by 29.1% during the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after purchasing an additional 121,371 shares during the period. TI Trust Inc. acquired a new position in shares of Huron Consulting Group during the 4th quarter worth about $12,197,000. Franklin Resources Inc. increased its stake in shares of Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after acquiring an additional 67,239 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Huron Consulting Group in the 3rd quarter valued at about $6,336,000. Finally, Jennison Associates LLC raised its position in shares of Huron Consulting Group by 4.8% in the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock valued at $74,722,000 after acquiring an additional 27,329 shares during the period. Institutional investors own 93.90% of the company’s stock.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the completion of the transaction, the director now owns 56,688 shares of the company’s stock, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $125.15, for a total transaction of $130,406.30. Following the sale, the director now directly owns 24,672 shares in the company, valued at $3,087,700.80. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,140 shares of company stock valued at $10,492,517 in the last ninety days. 2.02% of the stock is currently owned by corporate insiders.

Huron Consulting Group Price Performance

HURN stock opened at $145.00 on Wednesday. The stock has a 50-day moving average price of $135.24 and a two-hundred day moving average price of $123.06. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $153.85. The stock has a market cap of $2.56 billion, a PE ratio of 31.52 and a beta of 0.53. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $399.31 million during the quarter, compared to analysts’ expectations of $380.62 million. Equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HURN shares. Benchmark upped their target price on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Barrington Research upped their price objective on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Truist Financial lifted their target price on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Finally, Wedbush assumed coverage on Huron Consulting Group in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $155.50.

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.