Allspring Global Investments Holdings LLC Grows Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 33.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,375 shares of the business services provider’s stock after purchasing an additional 1,855 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Huron Consulting Group were worth $726,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Huron Consulting Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock worth $200,378,000 after purchasing an additional 25,905 shares in the last quarter. Boston Partners grew its stake in Huron Consulting Group by 36.6% in the 1st quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock valued at $88,994,000 after acquiring an additional 247,218 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Huron Consulting Group by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock valued at $40,163,000 after purchasing an additional 5,304 shares during the last quarter. Leeward Investments LLC MA increased its position in Huron Consulting Group by 5.6% during the second quarter. Leeward Investments LLC MA now owns 222,630 shares of the business services provider’s stock worth $21,929,000 after buying an additional 11,902 shares in the last quarter. Finally, Norges Bank purchased a new stake in Huron Consulting Group during the 4th quarter worth about $14,460,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barrington Research lifted their price objective on Huron Consulting Group from $133.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. StockNews.com raised shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Truist Financial reiterated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Thursday, May 16th. Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Finally, Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Huron Consulting Group Stock Performance

Shares of NASDAQ HURN opened at $107.22 on Friday. The stock has a fifty day moving average price of $105.37 and a two-hundred day moving average price of $98.03. The firm has a market cap of $1.93 billion, a P/E ratio of 30.90 and a beta of 0.61. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $115.65. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.93 and a current ratio of 1.93.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm had revenue of $371.70 million for the quarter, compared to analysts’ expectations of $374.33 million. During the same quarter last year, the business posted $1.38 EPS. Huron Consulting Group’s revenue was up 7.2% on a year-over-year basis. Research analysts forecast that Huron Consulting Group Inc. will post 5.95 EPS for the current fiscal year.

Insider Transactions at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $109.48, for a total transaction of $114,078.16. Following the transaction, the director now owns 29,882 shares in the company, valued at approximately $3,271,481.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO C. Mark Hussey sold 34,013 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the completion of the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total value of $114,078.16. Following the completion of the transaction, the director now directly owns 29,882 shares of the company’s stock, valued at $3,271,481.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,698 shares of company stock valued at $4,632,298. 2.02% of the stock is owned by insiders.

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.