Peak6 LLC Takes Position in Huron Consulting Group Inc. (NASDAQ:HURN)

PEAK6 LLC purchased a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,853 shares of the business services provider's stock, valued at approximately $230,000.

Other institutional investors have also recently made changes to their positions in the company. TI Trust Inc. purchased a new stake in Huron Consulting Group during the fourth quarter valued at approximately $12,197,000. Franklin Resources Inc. grew its position in shares of Huron Consulting Group by 20.5% during 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 period. Norges Bank purchased a new stake in shares of Huron Consulting Group in the 4th quarter worth $7,427,000. Sunriver Management LLC raised its holdings in Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock worth $60,465,000 after purchasing an additional 46,968 shares during the period. Finally, Jennison Associates LLC lifted its position in Huron Consulting Group by 4.8% during the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock valued at $74,722,000 after purchasing an additional 27,329 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial raised their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Wedbush raised their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. Barrington Research reiterated an "outperform" rating and issued a $167.00 price target on shares of Huron Consulting Group in a research report on Thursday, March 27th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Finally, Benchmark reaffirmed a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group currently has a consensus rating of "Buy" and a consensus price target of $169.25.

Insiders Place Their Bets

In related news, Director John Mccartney sold 500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total transaction of $75,565.00. Following the sale, the director now owns 55,688 shares in the company, valued at approximately $8,416,127.44. This represents a 0.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the transaction, the chief executive officer now directly owns 81,118 shares of the company's stock, valued at $11,835,927.38. The trade was a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,781 shares of company stock valued at $11,484,452 over the last ninety days. 2.15% of the stock is owned by insiders.

Huron Consulting Group Price Performance

HURN traded down $2.73 during trading on Thursday, hitting $134.48. 188,276 shares of the company traded hands, compared to its average volume of 145,883. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.41 billion, a PE ratio of 29.23 and a beta of 0.37. The stock's 50-day simple moving average is $141.81 and its two-hundred day simple moving average is $128.34. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $153.85.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.38. The company had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. As a group, sell-side analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

About Huron Consulting Group

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.