State Street Corp Acquires 8,972 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

State Street Corp raised its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 445,694 shares of the business services provider’s stock after acquiring an additional 8,972 shares during the period. State Street Corp’s holdings in Huron Consulting Group were worth $48,447,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Huron Consulting Group by 33.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,375 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 1,855 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Huron Consulting Group by 8.4% in the second quarter. Panagora Asset Management Inc. now owns 84,731 shares of the business services provider’s stock valued at $8,346,000 after buying an additional 6,540 shares in the last quarter. F M Investments LLC bought a new stake in shares of Huron Consulting Group during the second quarter worth $10,202,000. Natixis Advisors LLC acquired a new position in shares of Huron Consulting Group during the second quarter worth $1,379,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Huron Consulting Group by 435.2% in the 2nd quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock valued at $6,370,000 after acquiring an additional 52,589 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the transaction, the director now owns 28,840 shares in the company, valued at $3,122,506.80. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,126 shares of company stock worth $865,710 over the last quarter. Company insiders own 2.02% of the company’s stock.

Huron Consulting Group Trading Up 0.9 %

Shares of HURN stock opened at $120.17 on Friday. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $131.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 26.12 and a beta of 0.60. The stock has a 50-day moving average of $118.04 and a 200-day moving average of $108.88.

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

Analysts Set New Price Targets

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

Huron Consulting Group Company 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.