BNP Paribas Financial Markets Sells 12,041 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

BNP Paribas Financial Markets reduced its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 49.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,301 shares of the business services provider's stock after selling 12,041 shares during the period. BNP Paribas Financial Markets owned 0.07% of Huron Consulting Group worth $1,337,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. F M Investments LLC purchased a new position in shares of Huron Consulting Group in the second quarter valued at $10,202,000. William Blair Investment Management LLC purchased a new position in Huron Consulting Group during the 2nd quarter valued at about $9,533,000. Assenagon Asset Management S.A. increased its position in shares of Huron Consulting Group by 240.8% during the second quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider's stock valued at $13,426,000 after buying an additional 96,308 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Huron Consulting Group by 435.2% in the second quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider's stock worth $6,370,000 after buying an additional 52,589 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Huron Consulting Group by 5.7% in the third quarter. Jennison Associates LLC now owns 574,006 shares of the business services provider's stock valued at $62,394,000 after acquiring an additional 31,123 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on HURN shares. Benchmark reiterated a "buy" rating and issued a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, October 30th. StockNews.com upgraded Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Barrington Research boosted 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group has a consensus rating of "Buy" and an average price target of $133.00.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $1.29 on Tuesday, hitting $123.45. 74,523 shares of the company traded hands, compared to its average volume of 120,935. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $131.06. 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 $2.19 billion, a P/E ratio of 26.84 and a beta of 0.60. The firm's 50-day simple moving average is $116.22 and its 200 day simple moving average is $107.60.

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

Insiders Place Their Bets

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the transaction, the director now directly owns 28,840 shares of the company's stock, valued at $3,122,506.80. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the sale, the director now directly owns 54,825 shares of the company's stock, valued at approximately $7,040,626.50. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,126 shares of company stock valued at $865,710 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Huron Consulting Group Company 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.