Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 351,010 shares of the business services provider's stock after selling 29,014 shares during the period. Principal Financial Group Inc. owned 1.98% of Huron Consulting Group worth $43,617,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Quest Partners LLC increased its holdings in Huron Consulting Group by 131.9% during the third quarter. Quest Partners LLC now owns 13,814 shares of the business services provider's stock valued at $1,502,000 after buying an additional 7,858 shares during the period. Wellington Management Group LLP boosted its position in Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider's stock valued at $58,512,000 after acquiring an additional 121,371 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of 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 valued at $42,306,000 after acquiring an additional 67,239 shares during the period. Atom Investors LP bought a new position in shares of Huron Consulting Group in the 3rd quarter worth $1,159,000. Finally, Natixis Advisors LLC lifted its stake in shares of Huron Consulting Group by 32.7% during the 3rd quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider's stock worth $2,019,000 after purchasing an additional 4,576 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

Insider Activity at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the completion of the transaction, the director now owns 56,688 shares of the company's stock, valued at approximately $7,066,159.20. This represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $122.81, for a total value of $127,968.02. Following the completion of the sale, the director now directly owns 26,756 shares in the company, valued at approximately $3,285,904.36. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,584 shares of company stock worth $1,067,539. 2.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barrington Research lifted their target price on Huron Consulting Group from $137.00 to $142.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. StockNews.com upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Benchmark reaffirmed a "buy" rating and set a $140.00 price target on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Finally, Wedbush assumed coverage on Huron Consulting Group in a research report on Monday, February 3rd. They issued an "outperform" rating for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $133.00.

Huron Consulting Group Stock Performance

NASDAQ HURN traded up $1.56 on Monday, reaching $125.30. 202,857 shares of the company's stock traded hands, compared to its average volume of 102,519. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $133.96. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 27.24 and a beta of 0.59. The stock has a 50 day moving average price of $125.65 and a 200-day moving average price of $117.22.

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.