Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,833 shares of the business services provider’s stock after selling 860 shares during the period. Rhumbline Advisers owned about 0.14% of Huron Consulting Group worth $3,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group in the fourth quarter worth approximately $33,000. Assetmark Inc. boosted its stake in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the period. MML Investors Services LLC acquired a new position in Huron Consulting Group in the 3rd quarter worth approximately $220,000. Peapack Gladstone Financial Corp purchased a new position in Huron Consulting Group during the 3rd quarter worth approximately $220,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in Huron Consulting Group during the 3rd quarter valued at $264,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HURN. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday. Truist Financial reaffirmed a “buy” rating and set a $165.00 target price (up previously from $140.00) on shares of Huron Consulting Group in a research note on Wednesday. Wedbush started coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Barrington Research raised their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Benchmark upped their price objective 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. Six analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group currently has a consensus rating of “Buy” and an average price target of $151.75.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $152.46 on Friday. The firm has a market cap of $2.70 billion, a P/E ratio of 33.14 and a beta of 0.59. 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 Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $153.77. The stock’s 50-day moving average is $127.53 and its two-hundred day moving average is $118.15.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. The firm had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, Director H Eugene Lockhart sold 12,500 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the transaction, the director now directly owns 12,172 shares of the company’s stock, valued at $1,825,800. This represents a 50.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total value of $247,400.00. Following the completion of the sale, the director now directly owns 52,825 shares of the company’s stock, valued at $6,534,452.50. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,084 shares of company stock worth $2,942,539. 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.