JPMorgan Chase & Co. Purchases 23,059 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

JPMorgan Chase & Co. boosted its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 29.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,041 shares of the business services provider's stock after purchasing an additional 23,059 shares during the quarter. JPMorgan Chase & Co. owned about 0.57% of Huron Consulting Group worth $12,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC increased its stake in Huron Consulting Group by 32.4% in the third quarter. FMR LLC now owns 21,394 shares of the business services provider's stock valued at $2,326,000 after acquiring an additional 5,230 shares during the last quarter. State Street Corp raised its holdings in shares of Huron Consulting Group by 2.1% during the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider's stock valued at $48,447,000 after buying an additional 8,972 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in Huron Consulting Group in the 3rd quarter worth approximately $264,000. MML Investors Services LLC bought a new position in Huron Consulting Group during the third quarter valued at approximately $220,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in shares of Huron Consulting Group during the third quarter worth approximately $1,299,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

Analysts Set New Price Targets

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

Huron Consulting Group Trading Up 0.0 %

NASDAQ:HURN traded up $0.01 during mid-day trading on Friday, reaching $141.50. 260,828 shares of the company's stock traded hands, compared to its average volume of 142,811. The company has a 50 day moving average price of $140.98 and a 200-day moving average price of $127.26. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 30.76 and a beta of 0.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $153.85.

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

Insider Activity at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 81,118 shares in the company, valued at $11,835,927.38. The trade was a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $125.15, for a total value of $130,406.30. Following the completion of the transaction, the director now owns 24,672 shares of the company's stock, valued at approximately $3,087,700.80. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,781 shares of company stock worth $11,484,452 over the last 90 days. 2.02% of the stock is owned by company 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.