Victory Capital Management Inc. Trims Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Victory Capital Management Inc. decreased its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 30.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,078 shares of the business services provider’s stock after selling 19,596 shares during the period. Victory Capital Management Inc. owned about 0.25% of Huron Consulting Group worth $4,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Simplicity Wealth LLC purchased a new stake in Huron Consulting Group in the second quarter worth $584,000. Vanguard Group Inc. increased its stake in shares of Huron Consulting Group by 1.3% during the first 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. Covestor Ltd increased its stake in shares of 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 buying an additional 265 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Huron Consulting Group during the second quarter valued at $9,533,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Huron Consulting Group by 240.8% during the second quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider’s stock valued at $13,426,000 after buying an additional 96,308 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

Shares of HURN stock opened at $123.92 on Friday. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $131.06. The stock’s 50-day moving average is $112.24 and its 200 day moving average is $103.99. The company has a market cap of $2.20 billion, a P/E ratio of 26.87 and a beta of 0.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

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

Analyst Upgrades and Downgrades

HURN has been the topic of several research reports. Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Barrington Research raised their price target on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and an average price target of $133.00.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was 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 of the company’s stock, valued at approximately $7,040,626.50. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 28,840 shares of the company’s stock, valued at approximately $3,122,506.80. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,126 shares of company stock valued at $604,420 over the last quarter. 2.02% of the stock is 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.