Wellington Management Group LLP Increases Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Wellington Management Group LLP grew its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 543,236 shares of the business services provider's stock after purchasing an additional 4,946 shares during the period. Wellington Management Group LLP owned about 3.06% of Huron Consulting Group worth $67,503,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HURN. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $33,000. Cibc World Markets Corp bought a new position in Huron Consulting Group during the fourth quarter worth about $204,000. Xponance Inc. bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at about $204,000. Aigen Investment Management LP bought a new stake in Huron Consulting Group during the fourth quarter worth about $211,000. Finally, Avantax Advisory Services Inc. bought a new stake in Huron Consulting Group during the fourth quarter worth about $213,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Trading Down 1.4 %

Shares of NASDAQ:HURN traded down $1.99 during midday trading on Thursday, hitting $142.12. 24,179 shares of the stock traded hands, compared to its average volume of 139,634. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $153.85. The stock has a market capitalization of $2.55 billion, a PE ratio of 31.12 and a beta of 0.37. The business's 50 day moving average is $138.98 and its two-hundred day moving average is $125.98. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

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

Insider Transactions at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the company'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 owns 55,688 shares of the company's stock, valued at approximately $8,416,127.44. This represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $125.15, for a total transaction of $130,406.30. Following 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 in the last 90 days. 2.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HURN shares. Truist Financial upped their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research reissued an "outperform" rating and set a $167.00 target price on shares of Huron Consulting Group in a research report on Thursday, March 27th. Benchmark restated a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Wedbush boosted their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $169.25.

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.