Vanguard Group Inc. Sells 12,498 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Vanguard Group Inc. cut its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,920,844 shares of the business services provider's stock after selling 12,498 shares during the period. Vanguard Group Inc. owned approximately 10.83% of Huron Consulting Group worth $238,684,000 at the end of the most recent reporting period.

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

Huron Consulting Group Trading Down 0.9 %

Shares of NASDAQ:HURN traded down $1.28 during mid-day trading on Thursday, hitting $142.83. The stock had a trading volume of 250,421 shares, compared to its average volume of 140,605. The company's 50 day moving average is $139.30 and its 200-day moving average is $126.21. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-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 company has a market cap of $2.56 billion, a PE ratio of 31.05 and a beta of 0.37.

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

Insiders Place Their Bets

In related news, Director John Mccartney sold 500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total transaction of $75,565.00. Following the transaction, the director now directly owns 55,688 shares of the company's stock, valued at approximately $8,416,127.44. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director H Eugene Lockhart sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the director now owns 12,172 shares of the company's stock, valued at approximately $1,825,800. The trade was a 50.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,781 shares of company stock worth $11,484,452. 2.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HURN shares. 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. Wedbush lifted their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. Benchmark reiterated a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $167.00 price target on shares of Huron Consulting Group in a report on Thursday, March 27th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $169.25.

Huron Consulting Group 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.