Barclays PLC Sells 4,613 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Barclays PLC decreased its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 11.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,156 shares of the business services provider’s stock after selling 4,613 shares during the period. Barclays PLC owned approximately 0.19% of Huron Consulting Group worth $3,713,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HURN. Ashton Thomas Private Wealth LLC purchased a new position in shares of Huron Consulting Group during the 2nd quarter valued at about $28,000. Assetmark Inc. grew its position in Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 90 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Huron Consulting Group during the third quarter worth approximately $220,000. Orion Portfolio Solutions LLC bought a new stake in shares of Huron Consulting Group in the 3rd quarter worth approximately $264,000. Finally, Creative Planning boosted its stake 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 valued at $281,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Huron Consulting Group Trading Up 1.5 %

Shares of HURN opened at $121.95 on Monday. The stock has a market capitalization of $2.16 billion, a P/E ratio of 26.51 and a beta of 0.60. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06. 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 firm has a fifty day simple moving average of $118.65 and a two-hundred day simple moving average of $109.41.

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

Insider Transactions at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total value of $247,400.00. Following the completion of the transaction, the director now directly owns 52,825 shares of the company’s stock, valued at $6,534,452.50. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $115.82, for a total value of $120,684.44. Following the sale, the director now directly owns 27,798 shares in the company, valued at approximately $3,219,564.36. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,126 shares of company stock worth $865,710. 2.02% of the stock is currently owned by insiders.

Huron Consulting Group 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.