Quadrature Capital Ltd Grows Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Quadrature Capital Ltd boosted its position in Huron Consulting Group Inc. (NASDAQ:HURNFree Report) by 23.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,011 shares of the business services provider’s stock after purchasing an additional 2,246 shares during the period. Quadrature Capital Ltd owned about 0.06% of Huron Consulting Group worth $1,235,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Huron Consulting Group by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,053,491 shares of the business services provider’s stock valued at $213,892,000 after purchasing an additional 128,274 shares in the last quarter. Principal Financial Group Inc. increased its position in Huron Consulting Group by 1.4% during the fourth quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock worth $40,163,000 after buying an additional 5,304 shares in the last quarter. American Century Companies Inc. increased its position in Huron Consulting Group by 36.0% during the third quarter. American Century Companies Inc. now owns 233,224 shares of the business services provider’s stock worth $24,293,000 after buying an additional 61,777 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Huron Consulting Group by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 196,221 shares of the business services provider’s stock worth $20,438,000 after buying an additional 696 shares in the last quarter. Finally, Norges Bank purchased a new position in Huron Consulting Group during the fourth quarter worth $14,460,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Huron Consulting Group news, Director James H. Roth sold 6,804 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $95.00, for a total transaction of $646,380.00. Following the transaction, the director now owns 62,825 shares in the company, valued at $5,968,375. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $89.00, for a total transaction of $26,700.00. Following the sale, the director now directly owns 57,988 shares of the company’s stock, valued at $5,160,932. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James H. Roth sold 6,804 shares of Huron Consulting Group stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $95.00, for a total value of $646,380.00. Following the sale, the director now directly owns 62,825 shares in the company, valued at $5,968,375. The disclosure for this sale can be found here. Insiders have sold a total of 14,509 shares of company stock worth $1,378,481 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HURN. StockNews.com downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Benchmark reissued a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research report on Monday, May 13th. Barrington Research reissued an “outperform” rating and set a $133.00 price target on shares of Huron Consulting Group in a research report on Tuesday, May 28th. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 16th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Huron Consulting Group presently has an average rating of “Moderate Buy” and a consensus price target of $130.75.

View Our Latest Research Report on HURN

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $97.38 on Tuesday. The company has a market cap of $1.75 billion, a P/E ratio of 28.06 and a beta of 0.59. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.13. Huron Consulting Group Inc. has a 52 week low of $77.99 and a 52 week high of $113.31. The business has a fifty day simple moving average of $90.44 and a 200-day simple moving average of $97.72.

Huron Consulting Group (NASDAQ:HURNGet Free Report) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The firm had revenue of $355.96 million for the quarter, compared to analysts’ expectations of $348.80 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Huron Consulting Group Inc. will post 5.83 EPS for the current year.

About Huron Consulting Group

(Free Report)

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.

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Institutional Ownership by Quarter for Huron Consulting Group (NASDAQ:HURN)

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