Huron Consulting Group Inc. (NASDAQ:HURN) Position Boosted by Fmr LLC

FMR LLC boosted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 32.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,394 shares of the business services provider's stock after purchasing an additional 5,230 shares during the quarter. FMR LLC owned approximately 0.12% of Huron Consulting Group worth $2,326,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Huron Consulting Group in the 2nd quarter worth about $28,000. Assetmark Inc. raised its holdings in shares of Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider's stock valued at $149,000 after buying an additional 90 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of Huron Consulting Group during the second quarter worth approximately $219,000. Creative Planning grew its holdings in Huron Consulting Group by 10.5% in the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider's stock worth $281,000 after buying an additional 246 shares in the last quarter. Finally, Olympiad Research LP bought a new position in Huron Consulting Group in the 3rd quarter worth approximately $299,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Price Performance

Shares of HURN stock traded down $0.97 during mid-day trading on Friday, hitting $120.66. 64,293 shares of the stock traded hands, compared to its average volume of 120,214. 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 firm has a market cap of $2.14 billion, a price-to-earnings ratio of 26.23 and a beta of 0.60. The company's 50-day simple moving average is $117.16 and its 200-day simple moving average is $108.33. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. During the same period in the previous year, the company earned $1.39 earnings per share. Huron Consulting Group's revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the transaction, the director now directly owns 28,840 shares in the company, valued at $3,122,506.80. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James H. Roth sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total transaction of $247,400.00. Following the sale, the director now owns 52,825 shares in the company, valued at $6,534,452.50. This represents a 3.65 % 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 ninety days. Insiders own 2.02% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HURN shares. Benchmark reiterated a "buy" rating and set a $140.00 price target on shares of Huron Consulting Group in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Barrington Research increased their target price on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company 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.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $133.00.

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.