Franklin Resources Inc. Grows Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Franklin Resources Inc. boosted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 16.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 460,650 shares of the business services provider's stock after purchasing an additional 64,862 shares during the quarter. Franklin Resources Inc. owned 2.60% of Huron Consulting Group worth $57,240,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group in the 4th quarter valued at approximately $33,000. Xponance Inc. bought a new position in shares of Huron Consulting Group in the 4th quarter valued at $204,000. Cibc World Markets Corp acquired a new stake in shares of Huron Consulting Group during the fourth quarter valued at about $204,000. Aigen Investment Management LP bought a new position in Huron Consulting Group in the 4th quarter valued at approximately $211,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Huron Consulting Group during the 4th quarter worth approximately $213,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Stock Up 2.5 %

Shares of HURN traded up $3.45 during trading hours on Tuesday, reaching $140.13. The stock had a trading volume of 35,576 shares, compared to its average volume of 137,543. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $153.85. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 30.47 and a beta of 0.37. The firm has a 50-day simple moving average of $138.12 and a 200 day simple moving average of $125.36. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

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. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $399.31 million for the quarter, compared to analysts' expectations of $380.62 million. Equities research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HURN. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research restated an "outperform" rating and issued a $167.00 target price on shares of Huron Consulting Group in a report on Thursday, March 27th. Benchmark reissued a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wedbush upped their target price on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. Finally, Truist Financial raised 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Huron Consulting Group currently has a consensus rating of "Buy" and an average price target of $169.25.

Insider Transactions at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $125.15, for a total value of $130,406.30. Following the completion of the transaction, the director now directly owns 24,672 shares in the company, valued at approximately $3,087,700.80. This represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C. Mark Hussey sold 27,672 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the sale, the chief executive officer now directly owns 81,118 shares of the company's stock, valued at $11,835,927.38. This trade represents a 25.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,781 shares of company stock worth $11,731,832 in the last quarter. 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.