Principal Financial Group Inc. Buys 17,146 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Principal Financial Group Inc. grew its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 380,024 shares of the business services provider's stock after acquiring an additional 17,146 shares during the period. Principal Financial Group Inc. owned 2.14% of Huron Consulting Group worth $41,308,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Huron Consulting Group in the second quarter worth approximately $28,000. Assetmark Inc. grew its position in shares of Huron Consulting Group by 7.0% during the 3rd 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 period. MML Investors Services LLC bought a new stake in shares of Huron Consulting Group in the 3rd quarter valued at $220,000. Peapack Gladstone Financial Corp acquired a new position in shares of Huron Consulting Group during the 3rd quarter valued at $220,000. Finally, Orion Portfolio Solutions LLC bought a new position in Huron Consulting Group during the third quarter worth $264,000. 93.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barrington Research upped their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an "outperform" rating in a report on Monday, November 4th. StockNews.com raised Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group has an average rating of "Buy" and a consensus price target of $133.00.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total value of $247,400.00. Following the completion of the transaction, the director now directly owns 52,825 shares of the company's stock, valued at $6,534,452.50. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director H Eugene Lockhart sold 1,042 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $115.82, for a total value of $120,684.44. Following the transaction, the director now owns 27,798 shares of the company's stock, valued at approximately $3,219,564.36. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,126 shares of company stock valued at $865,710. Company insiders own 2.02% of the company's stock.

Huron Consulting Group Stock Up 1.4 %

Shares of HURN traded up $1.69 on Tuesday, reaching $122.24. The company's stock had a trading volume of 22,145 shares, compared to its average volume of 119,385. The stock has a market capitalization of $2.17 billion, a PE ratio of 26.57 and a beta of 0.60. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06. The firm has a fifty day moving average of $119.20 and a 200-day moving average of $109.76.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. During the same period in the previous year, the firm earned $1.39 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.