Envestnet Asset Management Inc. Buys 4,971 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Envestnet Asset Management Inc. boosted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,475 shares of the business services provider's stock after purchasing an additional 4,971 shares during the period. Envestnet Asset Management Inc. owned approximately 0.34% of Huron Consulting Group worth $7,390,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HURN. TI Trust Inc. purchased a new position in shares of Huron Consulting Group in the fourth quarter valued at about $12,197,000. Franklin Resources Inc. lifted its holdings in Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock worth $42,306,000 after buying an additional 67,239 shares during the period. Norges Bank bought a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $7,427,000. Jennison Associates LLC increased its stake in shares of Huron Consulting Group by 4.8% during the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock valued at $74,722,000 after buying an additional 27,329 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Huron Consulting Group by 29.6% during the fourth quarter. JPMorgan Chase & Co. now owns 101,041 shares of the business services provider's stock valued at $12,555,000 after acquiring an additional 23,059 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 27,672 shares of the firm's stock in a transaction that occurred 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 owns 81,118 shares of the company's stock, valued at $11,835,927.38. This trade represents a 25.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total transaction of $252,060.00. Following the completion of the transaction, the director now owns 48,534 shares of the company's stock, valued at approximately $6,116,740.02. The trade was a 3.96 % decrease in their ownership of the stock. 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. 2.15% of the stock is owned by corporate insiders.

Huron Consulting Group Stock Down 2.8 %

Shares of Huron Consulting Group stock traded down $3.82 during midday trading on Thursday, hitting $133.40. The company had a trading volume of 101,693 shares, compared to its average volume of 145,707. The company has a 50 day moving average of $141.69 and a 200 day moving average of $128.14. The stock has a market capitalization of $2.39 billion, a P/E ratio of 29.05 and a beta of 0.37. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week 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.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its 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 firm had revenue of $399.31 million for the quarter, compared to analysts' expectations of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. On average, equities analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.