William Blair Investment Management LLC Boosts Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

William Blair Investment Management LLC boosted its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,971 shares of the business services provider's stock after purchasing an additional 6,338 shares during the period. William Blair Investment Management LLC owned about 1.45% of Huron Consulting Group worth $31,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jennison Associates LLC lifted its stake in 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 last quarter. Wellington Management Group LLP raised its stake 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 valued at $58,512,000 after acquiring an additional 121,371 shares during the last quarter. State Street Corp raised its stake in shares of Huron Consulting Group by 2.1% during the third quarter. State Street Corp now owns 445,694 shares of the business services provider's stock valued at $48,447,000 after acquiring an additional 8,972 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Huron Consulting Group by 20.5% during 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 during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Huron Consulting Group by 4.7% during the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock valued at $41,308,000 after acquiring an additional 17,146 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

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Huron Consulting Group Stock Down 5.2 %

NASDAQ:HURN traded down $7.68 during trading hours on Friday, reaching $140.87. The company had a trading volume of 511,435 shares, compared to its average volume of 123,255. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 30.62 and a beta of 0.53. The business's 50-day simple moving average is $134.50 and its two-hundred day simple moving average is $122.33. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $153.85.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.38. The business 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, equities analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barrington Research raised their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Benchmark increased their price objective on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Truist Financial increased their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a research report on Monday, March 10th. Finally, Wedbush assumed coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an "outperform" rating for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $155.50.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were 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 of the company's stock, valued at approximately $11,835,927.38. This trade represents a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total transaction of $247,380.00. Following the completion of the transaction, the director now directly owns 50,534 shares in the company, valued at $6,250,550.46. This trade represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,140 shares of company stock valued at $10,492,517. Corporate insiders own 2.02% of the company's stock.

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.