Huron Consulting Group Inc. (NASDAQ:HURN) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 543,236 shares of the business services provider’s stock after acquiring an additional 4,946 shares during the quarter. Wellington Management Group LLP’s holdings in Huron Consulting Group were worth $67,503,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $33,000. Cibc World Markets Corp bought a new position in Huron Consulting Group during the 4th quarter worth $204,000. Xponance Inc. acquired a new stake in Huron Consulting Group in the fourth quarter worth $204,000. Aigen Investment Management LP bought a new stake in Huron Consulting Group in the fourth quarter valued at $211,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Huron Consulting Group during the fourth quarter valued at $213,000. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $137.76 on Friday. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 29.95 and a beta of 0.53. 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. The stock’s 50 day moving average price is $137.92 and its 200 day moving average price is $124.92.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. The company had revenue of $399.31 million for 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%. Equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other news, 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 transaction of $130,406.30. Following the completion of the sale, the director now owns 24,672 shares in the company, valued at approximately $3,087,700.80. This represents a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group stock in a transaction on 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 in the company, valued at $11,835,927.38. The trade was a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 80,781 shares of company stock valued at $11,731,832. 2.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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