Mutual of America Capital Management LLC Purchases 7,643 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Mutual of America Capital Management LLC increased its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 15.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,538 shares of the business services provider’s stock after purchasing an additional 7,643 shares during the quarter. Mutual of America Capital Management LLC owned 0.33% of Huron Consulting Group worth $5,766,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wakefield Asset Management LLLP purchased a new position in shares of Huron Consulting Group during the 1st quarter valued at about $921,000. Simplicity Wealth LLC purchased a new stake in Huron Consulting Group during the 2nd quarter valued at $584,000. Norges Bank bought a new stake in shares of Huron Consulting Group in the 4th quarter worth about $14,460,000. Vanguard Group Inc. grew its stake in shares of 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 valued at $200,378,000 after buying an additional 25,905 shares during the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new stake in shares of Huron Consulting Group during the fourth quarter valued at $482,000. Institutional investors own 93.90% of the company’s stock.

Insiders Place Their Bets

In other news, CEO C. Mark Hussey sold 34,013 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the sale, the chief executive officer now directly owns 85,081 shares in the company, valued at approximately $8,566,805.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares in the company, valued at approximately $8,566,805.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hugh E. Sawyer III sold 3,000 shares of Huron Consulting Group stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $104.09, for a total transaction of $312,270.00. Following the completion of the sale, the director now directly owns 23,802 shares in the company, valued at approximately $2,477,550.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,439 shares of company stock worth $4,512,214. Company insiders own 2.02% of the company’s stock.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $110.55 on Friday. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $115.65. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.99 billion, a PE ratio of 31.86 and a beta of 0.61. The business has a 50-day simple moving average of $107.20 and a 200-day simple moving average of $98.34.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.48 by $0.20. The business had revenue of $371.70 million for the quarter, compared to analyst estimates of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. On average, equities analysts expect that Huron Consulting Group Inc. will post 5.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HURN shares. StockNews.com raised Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Barrington Research reissued an “outperform” rating and issued a $137.00 price objective on shares of Huron Consulting Group in a research report on Monday, September 9th. Finally, Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

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.