F M Investments LLC Reduces Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

F M Investments LLC lessened its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 67.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,588 shares of the business services provider's stock after selling 69,819 shares during the quarter. F M Investments LLC owned 0.19% of Huron Consulting Group worth $4,174,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Huron Consulting Group during the fourth quarter worth $1,301,000. Renaissance Group LLC raised its holdings in shares of Huron Consulting Group by 11.3% in the 4th quarter. Renaissance Group LLC now owns 41,282 shares of the business services provider's stock worth $5,130,000 after purchasing an additional 4,179 shares during the period. Aristides Capital LLC boosted its holdings in shares of Huron Consulting Group by 31.5% in the fourth quarter. Aristides Capital LLC now owns 2,711 shares of the business services provider's stock worth $337,000 after acquiring an additional 650 shares during the period. Federated Hermes Inc. boosted its holdings in Huron Consulting Group by 1.4% in the 4th quarter. Federated Hermes Inc. now owns 86,859 shares of the business services provider's stock valued at $10,793,000 after purchasing an additional 1,161 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Huron Consulting Group by 9.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 59,475 shares of the business services provider's stock worth $7,390,000 after buying an additional 4,971 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HURN shares. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Benchmark reaffirmed a "buy" rating and set a $165.00 price objective 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 note on Thursday, March 27th. Wedbush upped their price target on shares of 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 upped their target price 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $169.25.

Huron Consulting Group Trading Up 0.4 %

Shares of NASDAQ:HURN traded up $0.53 during mid-day trading on Wednesday, hitting $142.91. The stock had a trading volume of 30,474 shares, compared to its average volume of 141,354. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $153.85. The company's 50 day moving average is $140.33 and its 200-day moving average is $126.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $2.56 billion, a PE ratio of 31.07 and a beta of 0.37.

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

Insider Buying and Selling

In other news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $125.15, for a total transaction of $130,406.30. Following the transaction, the director now directly owns 24,672 shares of the company's stock, valued at $3,087,700.80. This represents a 4.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the completion of the sale, the director now directly owns 55,688 shares in the company, valued at $8,416,127.44. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,781 shares of company stock valued at $11,484,452 over the last 90 days. 2.02% of the stock is owned by 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.