Principal Financial Group Inc. Has $41.31 Million Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Principal Financial Group Inc. increased its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 380,024 shares of the business services provider's stock after buying an additional 17,146 shares during the quarter. Principal Financial Group Inc. owned about 2.14% of Huron Consulting Group worth $41,308,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Simplicity Wealth LLC acquired a new stake in shares of Huron Consulting Group in the second quarter valued at $584,000. Vanguard Group Inc. lifted its holdings in shares of Huron Consulting Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider's stock valued at $200,378,000 after buying an additional 25,905 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 valued at $6,370,000 after buying an additional 52,589 shares during the period. Covestor Ltd lifted its holdings in shares of Huron Consulting Group by 26,500.0% in the first quarter. Covestor Ltd now owns 266 shares of the business services provider's stock valued at $26,000 after buying an additional 265 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of Huron Consulting Group in the second quarter valued at $9,533,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Huron Consulting Group Stock Up 1.9 %

Huron Consulting Group stock traded up $2.40 during mid-day trading on Monday, hitting $129.83. The company's stock had a trading volume of 78,260 shares, compared to its average volume of 124,706. The firm's 50 day moving average is $109.64 and its 200 day moving average is $102.35. The company has a market cap of $2.30 billion, a PE ratio of 28.22 and a beta of 0.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $131.06.

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

Insider Buying and Selling

In related news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the sale, the director now directly owns 28,840 shares of the company's stock, valued at approximately $3,122,506.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James H. Roth sold 2,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the transaction, the director now directly owns 54,825 shares in the company, valued at approximately $7,040,626.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,348 shares of company stock valued at $627,712. Corporate insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

HURN has been the subject of several analyst reports. Benchmark reaffirmed a "buy" rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, October 30th. Barrington Research upped their target price on Huron Consulting Group from $137.00 to $142.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Finally, StockNews.com raised Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $133.00.

About Huron Consulting Group

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.