Barclays PLC Boosts Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Barclays PLC raised its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,581 shares of the business services provider's stock after buying an additional 3,425 shares during the quarter. Barclays PLC owned approximately 0.21% of Huron Consulting Group worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC grew its holdings in shares of Huron Consulting Group by 4.8% during the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock worth $74,722,000 after buying an additional 27,329 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Huron Consulting Group by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Huron Consulting Group by 16.4% in the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock valued at $57,240,000 after purchasing an additional 64,862 shares during the period. Principal Financial Group Inc. raised its stake in shares of Huron Consulting Group by 4.7% during the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock worth $41,308,000 after purchasing an additional 17,146 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in Huron Consulting Group by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider's stock valued at $31,931,000 after buying an additional 6,338 shares during the last quarter. Hedge funds and other institutional investors 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 8,641 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total value of $1,230,305.58. Following the transaction, the director now directly owns 47,638 shares in the company, valued at approximately $6,782,698.44. This represents a 15.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mccartney sold 500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $142.67, for a total transaction of $71,335.00. Following the transaction, the director now directly owns 52,121 shares in the company, valued at $7,436,103.07. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,781 shares of company stock valued at $11,484,452. 2.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on HURN shares. Truist Financial raised their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Wedbush lifted their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Benchmark reissued a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Barrington Research restated an "outperform" rating and issued a $167.00 price target on shares of Huron Consulting Group in a research note on Thursday, March 27th. Finally, William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $169.25.

Huron Consulting Group Price Performance

HURN traded up $4.76 during trading on Friday, reaching $145.68. 57,838 shares of the stock were exchanged, compared to its average volume of 147,018. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $153.85. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 31.58 and a beta of 0.37. The business's 50 day moving average price is $142.65 and its two-hundred day moving average price is $129.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.52. The firm had revenue of $404.14 million during the quarter, compared to the consensus estimate of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. As a group, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

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.