Huron Consulting Group Inc. (NASDAQ:HURN) Holdings Boosted by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,244 shares of the business services provider’s stock after purchasing an additional 3,346 shares during the period. Nordea Investment Management AB’s holdings in Huron Consulting Group were worth $9,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HURN. Victory Capital Management Inc. boosted its holdings in Huron Consulting Group by 435.2% during the second 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 period. Quest Partners LLC raised its holdings in shares of Huron Consulting Group by 35.2% in the 2nd quarter. Quest Partners LLC now owns 5,956 shares of the business services provider’s stock worth $587,000 after buying an additional 1,552 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Huron Consulting Group in the 2nd quarter valued at $28,000. American Century Companies Inc. grew its stake in Huron Consulting Group by 1.0% during the second quarter. American Century Companies Inc. now owns 181,834 shares of the business services provider’s stock worth $17,911,000 after buying an additional 1,837 shares during the last quarter. Finally, TradeLink Capital LLC bought a new position in Huron Consulting Group in the 2nd quarter valued at $310,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Huron Consulting Group Trading Up 2.5 %

HURN opened at $125.68 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 27.32 and a beta of 0.60. The company has a 50-day simple moving average of $122.81 and a 200 day simple moving average of $111.72. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.11. The company 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 period in the prior year, the business earned $1.39 earnings per share. Analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Activity

In other news, Director John Mccartney sold 500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the transaction, the director now owns 56,688 shares of the company’s stock, valued at $7,066,159.20. This represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $115.82, for a total value of $120,684.44. Following the transaction, the director now directly owns 27,798 shares in the company, valued at approximately $3,219,564.36. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,584 shares of company stock valued at $815,217. Company insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HURN. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Barrington Research raised their target price 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. Finally, Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $133.00.

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.