Huron Consulting Group Inc. (NASDAQ:HURN) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 61.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,972 shares of the business services provider's stock after buying an additional 4,550 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Huron Consulting Group worth $1,488,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Quest Partners LLC increased its stake in shares of Huron Consulting Group by 131.9% during the third quarter. Quest Partners LLC now owns 13,814 shares of the business services provider's stock worth $1,502,000 after purchasing an additional 7,858 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Huron Consulting Group by 29.1% during the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider's stock worth $58,512,000 after purchasing an additional 121,371 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Huron Consulting Group by 20.5% in the third 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 in the last quarter. Atom Investors LP acquired a new position in shares of Huron Consulting Group during the 3rd quarter worth about $1,159,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Huron Consulting Group by 32.7% in the 3rd quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider's stock valued at $2,019,000 after purchasing an additional 4,576 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Huron Consulting Group Price Performance

HURN traded up $23.05 during trading on Wednesday, reaching $148.38. The stock had a trading volume of 294,771 shares, compared to its average volume of 115,376. The stock has a market cap of $2.63 billion, a PE ratio of 32.52 and a beta of 0.59. The business has a 50-day moving average of $125.75 and a 200-day moving average of $117.37. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $153.77. 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 issued its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.38. The firm had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. As a group, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Activity

In related news, Director James H. Roth sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total value of $252,060.00. Following the sale, the director now owns 48,534 shares in the company, valued at $6,116,740.02. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Mccartney sold 500 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the completion of the sale, the director now directly owns 56,688 shares in the company, valued at approximately $7,066,159.20. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,584 shares of company stock valued at $1,067,539. 2.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Benchmark boosted their price target on Huron Consulting Group from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday. Wedbush assumed coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an "outperform" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday. Truist Financial reiterated a "buy" rating and issued a $165.00 price objective (up from $140.00) on shares of Huron Consulting Group in a research report on Wednesday. Finally, StockNews.com upgraded Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $145.50.

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.