Intech Investment Management LLC Grows Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Intech Investment Management LLC boosted its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 186.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,639 shares of the business services provider's stock after purchasing an additional 5,619 shares during the quarter. Intech Investment Management LLC's holdings in Huron Consulting Group were worth $1,073,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HURN. Heck Capital Advisors LLC bought a new position in Huron Consulting Group during the 4th quarter worth $33,000. Cibc World Markets Corp acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $204,000. Aigen Investment Management LP bought a new position in Huron Consulting Group in the fourth quarter valued at approximately $211,000. Avantax Advisory Services Inc. bought a new stake in Huron Consulting Group during the fourth quarter worth $213,000. Finally, MML Investors Services LLC acquired a new stake in shares of Huron Consulting Group in the 3rd quarter valued at $220,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wedbush increased their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday. Barrington Research upped their target price on Huron Consulting Group from $142.00 to $167.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Truist Financial boosted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Benchmark reiterated a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday. Finally, William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $169.25.

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Huron Consulting Group Trading Down 1.7 %

HURN stock traded down $2.49 during midday trading on Wednesday, hitting $142.51. The stock had a trading volume of 327,087 shares, compared to its average volume of 125,180. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $135.24 and a two-hundred day moving average price of $123.06. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. The firm has a market cap of $2.52 billion, a P/E ratio of 30.98 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $399.31 million for 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 earnings per share for the current fiscal year.

Insider Transactions at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total value of $247,380.00. Following the completion of the sale, the director now directly owns 50,534 shares of the company's stock, valued at approximately $6,250,550.46. This represents a 3.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at $11,835,927.38. This represents a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,140 shares of company stock valued at $10,492,517 over the last ninety days. 2.02% of the stock is owned by company insiders.

About Huron Consulting Group

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.