William Blair Investment Management LLC Boosts Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

William Blair Investment Management LLC lifted its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 2.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 256,971 shares of the business services provider’s stock after acquiring an additional 6,338 shares during the period. William Blair Investment Management LLC’s holdings in Huron Consulting Group were worth $31,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group in the 4th quarter worth approximately $33,000. Cibc World Markets Corp acquired a new position in shares of Huron Consulting Group in the 4th quarter worth approximately $204,000. Aigen Investment Management LP acquired a new position in shares of Huron Consulting Group in the 4th quarter worth approximately $211,000. Avantax Advisory Services Inc. acquired a new position in shares of Huron Consulting Group in the 4th quarter worth approximately $213,000. Finally, MML Investors Services LLC acquired a new position in shares of Huron Consulting Group in the 3rd quarter worth approximately $220,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the transaction, the director now owns 56,688 shares in the company, valued at approximately $7,066,159.20. The trade was a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James H. Roth sold 8,642 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $143.93, for a total value of $1,243,843.06. Following the transaction, the director now owns 64,921 shares of the company’s stock, valued at $9,344,079.53. This trade represents a 11.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,498 shares of company stock worth $9,202,526. 2.02% of the stock is owned by company insiders.

Huron Consulting Group Trading Down 0.3 %

NASDAQ:HURN opened at $148.39 on Wednesday. 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 business has a 50 day simple moving average of $133.23 and a 200 day simple moving average of $121.74. The firm has a market capitalization of $2.62 billion, a P/E ratio of 32.26 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. Equities research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

HURN has been the subject of several research reports. Benchmark lifted their target price on Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Wedbush began coverage on Huron Consulting Group in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Truist Financial boosted their price objective 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. Barrington Research boosted their price objective on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research report on Monday, March 10th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $155.50.

About Huron Consulting Group

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.