Advisor Resource Council Invests $986,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

Advisor Resource Council bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,194 shares of the business services provider's stock, valued at approximately $986,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in Huron Consulting Group in the first quarter worth $203,000. Millennium Management LLC boosted its holdings in Huron Consulting Group by 58.7% during the fourth quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock valued at $11,540,000 after purchasing an additional 34,353 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Huron Consulting Group by 61.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock valued at $1,488,000 after purchasing an additional 4,550 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Huron Consulting Group by 10.0% in the 4th quarter. Ameriprise Financial Inc. now owns 57,273 shares of the business services provider's stock worth $7,117,000 after buying an additional 5,187 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Huron Consulting Group during the fourth quarter valued at $211,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Analyst Ratings Changes

HURN has been the topic of several recent analyst reports. Wedbush boosted their target price on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Barrington Research raised their price target on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Truist Financial boosted their price target 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. Benchmark reiterated a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

Huron Consulting Group Stock Down 1.2%

Shares of HURN traded down $1.65 on Wednesday, hitting $133.08. The company's stock had a trading volume of 151,233 shares, compared to its average volume of 154,502. The firm's fifty day moving average price is $142.36 and its 200-day moving average price is $136.25. Huron Consulting Group Inc. has a fifty-two week low of $96.45 and a fifty-two week high of $155.00. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 19.95 and a beta of 0.30.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly 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. Huron Consulting Group had a net margin of 7.88% and a return on equity of 24.68%. The company had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. During the same quarter in the prior year, the company earned $1.23 earnings per share. The business's quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total transaction of $100,026.32. Following the completion of the transaction, the director now owns 8,896 shares of the company's stock, valued at $1,332,087.04. This represents a 6.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Mccartney sold 500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $133.63, for a total transaction of $66,815.00. Following the transaction, the director now owns 51,621 shares of the company's stock, valued at $6,898,114.23. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,668 shares of company stock worth $238,176. Corporate insiders own 2.15% of the company's stock.

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.