Kennedy Capital Management LLC Raises Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Kennedy Capital Management LLC grew its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,805 shares of the business services provider's stock after buying an additional 24,217 shares during the period. Kennedy Capital Management LLC owned 0.49% of Huron Consulting Group worth $10,911,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in shares of Huron Consulting Group by 4.8% in the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock valued at $74,722,000 after purchasing an additional 27,329 shares during the period. Wellington Management Group LLP boosted its stake in Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Huron Consulting Group by 16.4% in the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock valued at $57,240,000 after purchasing an additional 64,862 shares in the last quarter. State Street Corp raised its position in Huron Consulting Group by 2.1% in the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider's stock valued at $48,447,000 after buying an additional 8,972 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Huron Consulting Group by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock worth $41,308,000 after acquiring an additional 17,146 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Huron Consulting Group Stock Down 0.2 %

Shares of NASDAQ:HURN traded down $0.24 on Wednesday, reaching $142.14. The company had a trading volume of 41,935 shares, compared to its average volume of 141,396. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $153.85. The firm has a market capitalization of $2.55 billion, a PE ratio of 30.90 and a beta of 0.37. 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 firm's 50 day simple moving average is $140.33 and its 200-day simple moving average is $126.94.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. The company had revenue of $399.31 million during the quarter, compared to analysts' expectations of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. As a group, analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total transaction of $252,060.00. Following the transaction, the director now owns 48,534 shares of the company's stock, valued at $6,116,740.02. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,781 shares of company stock worth $11,484,452. Company insiders own 2.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HURN. Wedbush lifted their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Truist Financial boosted their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research reissued an "outperform" rating and issued a $167.00 target price on shares of Huron Consulting Group in a report on Thursday, March 27th. Finally, Benchmark reissued a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a report on Wednesday, March 26th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Huron Consulting Group has an average rating of "Buy" and a consensus price target of $169.25.

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.