JPMorgan Chase & Co. Trims Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

JPMorgan Chase & Co. reduced its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,982 shares of the business services provider's stock after selling 11,686 shares during the quarter. JPMorgan Chase & Co. owned about 0.44% of Huron Consulting Group worth $8,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in Huron Consulting Group in the second quarter valued at about $28,000. Assetmark Inc. grew its stake in shares of Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider's stock worth $149,000 after buying an additional 90 shares during the last quarter. MML Investors Services LLC bought a new stake in Huron Consulting Group during the 3rd quarter worth $220,000. Peapack Gladstone Financial Corp bought a new position in Huron Consulting Group in the third quarter valued at about $220,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Huron Consulting Group during the third quarter valued at about $264,000. Institutional investors own 93.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Benchmark reissued a "buy" rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Finally, Barrington Research raised their target price on Huron Consulting Group from $137.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $133.00.

Huron Consulting Group Trading Up 1.5 %

HURN traded up $1.85 during trading on Tuesday, reaching $125.95. 42,893 shares of the stock traded hands, compared to its average volume of 87,810. The stock has a market capitalization of $2.23 billion, a PE ratio of 27.38 and a beta of 0.60. The stock's 50-day moving average is $123.32 and its 200 day moving average is $112.39. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $131.06.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.11. The business had revenue of $370.00 million for 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 firm'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. Equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $115.82, for a total value of $120,684.44. Following the completion of the transaction, the director now owns 27,798 shares in the company, valued at $3,219,564.36. This represents a 3.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total transaction of $247,400.00. Following the completion of the sale, the director now directly owns 52,825 shares in the company, valued at approximately $6,534,452.50. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,584 shares of company stock valued at $1,062,597. 2.02% of the stock is owned by corporate insiders.

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.