Intech Investment Management LLC Buys Shares of 3,020 Huron Consulting Group Inc. (NASDAQ:HURN)

Intech Investment Management LLC bought a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,020 shares of the business services provider’s stock, valued at approximately $328,000.

Several other hedge funds have also bought and sold shares of HURN. Ashton Thomas Private Wealth LLC bought a new stake in Huron Consulting Group during the second quarter valued at approximately $28,000. Assetmark Inc. lifted its holdings in shares of Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after acquiring an additional 90 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of Huron Consulting Group in the 2nd quarter worth approximately $219,000. Creative Planning lifted its holdings in shares of Huron Consulting Group by 10.5% in the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after acquiring an additional 246 shares during the last quarter. Finally, Aristides Capital LLC bought a new stake in shares of Huron Consulting Group in the 2nd quarter worth approximately $296,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Stock Up 0.1 %

Shares of NASDAQ HURN opened at $123.67 on Thursday. 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 Inc. has a 52 week low of $84.26 and a 52 week high of $131.06. The firm’s fifty day moving average is $115.04 and its 200 day moving average is $106.42. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 26.88 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. During the same period in the previous year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, Barrington Research boosted their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $133.00.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total transaction of $112,817.34. Following the transaction, the director now directly owns 28,840 shares of the company’s stock, valued at approximately $3,122,506.80. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total transaction of $256,840.00. Following the transaction, the director now directly owns 54,825 shares in the company, valued at approximately $7,040,626.50. The trade was a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,126 shares of company stock valued at $618,310 over the last three months. 2.20% of the stock is owned by company 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.