KLP Kapitalforvaltning AS Takes Position in Huron Consulting Group Inc. (NASDAQ:HURN)

KLP Kapitalforvaltning AS purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,900 shares of the business services provider's stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HURN. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group in the 4th quarter worth $33,000. Cibc World Markets Corp bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at about $204,000. Xponance Inc. bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at about $204,000. Aigen Investment Management LP purchased a new stake in Huron Consulting Group in the fourth quarter worth about $211,000. Finally, Avantax Advisory Services Inc. bought a new position in Huron Consulting Group during the 4th quarter worth about $213,000. Institutional investors own 93.90% of the company's stock.

Analyst Upgrades and Downgrades

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

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Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total transaction of $75,565.00. Following the transaction, the director now directly owns 55,688 shares of the company's stock, valued at $8,416,127.44. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the business's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total transaction of $247,380.00. Following the sale, the director now directly owns 50,534 shares of the company's stock, valued at $6,250,550.46. This represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,781 shares of company stock valued at $11,731,832. Company insiders own 2.02% of the company's stock.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock traded down $9.75 during midday trading on Friday, hitting $137.76. The company had a trading volume of 377,341 shares, compared to its average volume of 136,519. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 29.95 and a beta of 0.37. The company has a fifty day simple moving average of $137.92 and a 200 day simple moving average of $125.17. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $153.85.

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

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.