Huron Consulting Group Inc. (NASDAQ:HURN) Shares Purchased by Renaissance Group LLC

Renaissance Group LLC boosted its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,282 shares of the business services provider's stock after acquiring an additional 4,179 shares during the period. Renaissance Group LLC owned 0.23% of Huron Consulting Group worth $5,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Huron Consulting Group by 32.4% in the 3rd quarter. FMR LLC now owns 21,394 shares of the business services provider's stock worth $2,326,000 after purchasing an additional 5,230 shares in the last quarter. State Street Corp boosted its holdings in Huron Consulting Group by 2.1% in the third quarter. State Street Corp now owns 445,694 shares of the business services provider's stock worth $48,447,000 after acquiring an additional 8,972 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Huron Consulting Group by 29.1% during the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider's stock worth $58,512,000 after acquiring an additional 121,371 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Huron Consulting Group during the third quarter worth about $264,000. Finally, MML Investors Services LLC acquired a new position in shares of Huron Consulting Group during the third quarter valued at about $220,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 27,672 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now owns 81,118 shares of the company's stock, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Mccartney sold 500 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total value of $75,565.00. Following the completion of the sale, the director now directly owns 55,688 shares in the company, valued at approximately $8,416,127.44. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,781 shares of company stock worth $11,484,452 in the last three months. Company insiders own 2.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wedbush boosted their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Barrington Research reissued an "outperform" rating and issued a $167.00 target price on shares of Huron Consulting Group in a research report on Thursday, March 27th. Benchmark reaffirmed a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Truist Financial increased their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $169.25.

Huron Consulting Group Stock Performance

HURN traded up $0.44 during midday trading on Friday, hitting $143.27. 183,752 shares of the company were exchanged, compared to its average volume of 141,229. The company's 50 day simple moving average is $139.67 and its 200 day simple moving average is $126.58. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 31.15 and a beta of 0.37. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. 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 (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

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.