Victory Capital Management Inc. Grows Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Victory Capital Management Inc. raised its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 435.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,674 shares of the business services provider’s stock after purchasing an additional 52,589 shares during the period. Victory Capital Management Inc. owned 0.36% of Huron Consulting Group worth $6,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of HURN. Principal Securities Inc. purchased a new stake in Huron Consulting Group during the 4th quarter valued at $25,000. Covestor Ltd increased its position in Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 265 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Huron Consulting Group in the 4th quarter worth about $97,000. Assetmark Inc. boosted its stake in shares of Huron Consulting Group by 40.6% during the 4th quarter. Assetmark Inc. now owns 1,544 shares of the business services provider’s stock worth $159,000 after purchasing an additional 446 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Huron Consulting Group by 800.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 1,600 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Huron Consulting Group Price Performance

HURN opened at $107.42 on Monday. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $115.65. The business’s fifty day simple moving average is $106.25 and its 200-day simple moving average is $97.97. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 30.96 and a beta of 0.61. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.48 by $0.20. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The business had revenue of $371.70 million during the quarter, compared to analyst estimates of $374.33 million. During the same quarter in the previous year, the business posted $1.38 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Barrington Research reaffirmed an “outperform” rating and issued a $137.00 price target on shares of Huron Consulting Group in a research note on Monday, September 9th. Finally, Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Huron Consulting Group presently has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Insider Buying and Selling at Huron Consulting Group

In related news, Director John Mccartney sold 300 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $99.16, for a total transaction of $29,748.00. Following the completion of the sale, the director now directly owns 57,688 shares in the company, valued at approximately $5,720,342.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $99.16, for a total value of $29,748.00. Following the completion of the transaction, the director now directly owns 57,688 shares in the company, valued at $5,720,342.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the sale, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,439 shares of company stock valued at $4,512,214. 2.02% of the stock is currently owned by corporate insiders.

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.