Invesco Ltd. Has $32.47 Million Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Invesco Ltd. trimmed its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 261,337 shares of the business services provider's stock after selling 5,854 shares during the period. Invesco Ltd. owned approximately 1.47% of Huron Consulting Group worth $32,474,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

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 transaction of $130,406.30. Following the completion of the sale, the director now 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 81,118 shares of the company's stock, valued at $11,835,927.38. The trade was a 25.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,781 shares of company stock valued at $11,484,452 in the last three months. Insiders own 2.15% of the company's stock.

Analysts Set New Price Targets

HURN has been the subject of several research reports. Truist Financial raised their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research reiterated an "outperform" rating and issued a $167.00 target price on shares of Huron Consulting Group in a report on Thursday, March 27th. Benchmark restated a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, Wedbush lifted their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Huron Consulting Group currently has an average rating of "Buy" and an average price target of $169.25.

Huron Consulting Group Stock Up 2.8 %

Shares of HURN stock traded up $3.85 during trading on Wednesday, hitting $139.23. 27,620 shares of the company were exchanged, compared to its average volume of 144,895. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $153.85. 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 capitalization of $2.50 billion, a price-to-earnings ratio of 30.27 and a beta of 0.37. The business's 50-day simple moving average is $141.52 and its 200 day simple moving average is $128.07.

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, 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. As a group, analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

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.