TI Trust Inc. Acquires New Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

TI Trust Inc. acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 98,156 shares of the business services provider's stock, valued at approximately $12,197,000. Huron Consulting Group makes up 8.2% of TI Trust Inc.'s portfolio, making the stock its largest holding. TI Trust Inc. owned 0.55% of Huron Consulting Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in shares of Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider's stock worth $149,000 after acquiring an additional 90 shares during the last quarter. MML Investors Services LLC bought a new position in Huron Consulting Group during the third quarter valued at about $220,000. Peapack Gladstone Financial Corp acquired a new position in Huron Consulting Group in the 3rd quarter valued at approximately $220,000. Orion Portfolio Solutions LLC bought a new stake in shares of Huron Consulting Group in the 3rd quarter worth approximately $264,000. Finally, Dakota Wealth Management grew its holdings in shares of Huron Consulting Group by 4.0% during the 4th quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider's stock worth $280,000 after purchasing an additional 87 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total transaction of $256,840.00. Following the completion of the sale, the director now directly owns 54,825 shares of the company's stock, valued at $7,040,626.50. The trade was a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the sale, the director now owns 56,688 shares in the company, valued at $7,066,159.20. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,584 shares of company stock worth $1,062,597. Insiders own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HURN. Barrington Research raised their target price on Huron Consulting Group from $137.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. StockNews.com upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Benchmark reaffirmed a "buy" rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $133.00.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN traded up $1.61 during mid-day trading on Monday, hitting $126.68. 89,642 shares of the stock were exchanged, compared to its average volume of 84,965. The company has a market cap of $2.25 billion, a P/E ratio of 27.54 and a beta of 0.60. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06. The stock's fifty day simple moving average is $123.54 and its two-hundred day simple moving average is $114.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million for the quarter, compared to analysts' expectations of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. As a group, analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS 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.