William Blair Investment Management LLC Acquires Shares of 96,779 Huron Consulting Group Inc. (NASDAQ:HURN)

William Blair Investment Management LLC purchased a new position in Huron Consulting Group Inc. (NASDAQ:HURN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 96,779 shares of the business services provider’s stock, valued at approximately $9,533,000. William Blair Investment Management LLC owned 0.54% of Huron Consulting Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new position in Huron Consulting Group in the 4th quarter worth about $25,000. Covestor Ltd grew its stake in Huron Consulting Group by 26,500.0% in the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after purchasing an additional 265 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Huron Consulting Group during the 2nd quarter worth $28,000. Quest Partners LLC bought a new stake in Huron Consulting Group during the 4th quarter valued at $97,000. Finally, Assetmark Inc. lifted its holdings in shares of Huron Consulting Group by 40.6% in the 4th quarter. Assetmark Inc. now owns 1,544 shares of the business services provider’s stock worth $159,000 after buying an additional 446 shares during the period. Institutional investors own 93.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Huron Consulting Group Stock Performance

Shares of HURN opened at $107.15 on Tuesday. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $115.65. The stock has a fifty day moving average price of $106.25 and a 200-day moving average price of $97.99. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.93 billion, a PE ratio of 30.96 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.20. The business had revenue of $371.70 million during the quarter, compared to the consensus estimate of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $1.38 earnings per share. Equities research analysts predict that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $99.16, for a total transaction of $29,748.00. Following the completion of the transaction, the director now directly owns 57,688 shares of the company’s stock, valued at approximately $5,720,342.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Monday, July 1st. The stock was 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 owns 57,688 shares in the company, valued at approximately $5,720,342.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total value of $114,078.16. Following the completion of the transaction, the director now directly owns 29,882 shares of the company’s stock, valued at approximately $3,271,481.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,439 shares of company stock valued at $4,512,214. 2.02% of the stock is owned by company insiders.

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.