Allianz Asset Management GmbH Purchases Shares of 4,800 Huron Consulting Group Inc. (NASDAQ:HURN)

Key Points

• Allianz Asset Management GmbH acquired 4,800 shares of Huron Consulting Group Inc. in the first quarter, amounting to an investment of approximately $689,000.
• Huron Consulting Group's stock price declined 7.6% recently, with current trading at $121.98 and a market cap of $2.10 billion.
• Despite recent insider selling, institutional investors hold about 93.90% of Huron's stock, indicating strong institutional interest in the company.

Allianz Asset Management GmbH acquired a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,800 shares of the business services provider's stock, valued at approximately $689,000.

A number of other hedge funds also recently bought and sold shares of HURN. Opal Wealth Advisors LLC purchased a new position in shares of Huron Consulting Group during the 1st quarter worth approximately $35,000. Heck Capital Advisors LLC purchased a new position in Huron Consulting Group in the 4th quarter valued at approximately $33,000. CWM LLC boosted its position in Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after buying an additional 146 shares during the period. Tower Research Capital LLC TRC boosted its position in Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after buying an additional 122 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of Huron Consulting Group during the 1st quarter worth $114,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barrington Research lifted their price objective on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $170.75.

Insider Buying and Selling at Huron Consulting Group

In other news, Director Joy Brown sold 668 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total transaction of $100,026.32. Following the transaction, the director directly owned 8,896 shares in the company, valued at $1,332,087.04. The trade was a 6.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director H Eugene Lockhart sold 1,040 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the transaction, the director owned 8,162 shares in the company, valued at approximately $1,116,071.88. This trade represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,708 shares of company stock worth $375,161. 2.15% of the stock is owned by company insiders.

Huron Consulting Group Stock Up 0.2%

NASDAQ:HURN traded up $0.29 during midday trading on Tuesday, hitting $126.84. 86,250 shares of the company were exchanged, compared to its average volume of 204,555. The company has a fifty day simple moving average of $136.00 and a 200 day simple moving average of $138.47. Huron Consulting Group Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $155.00. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $2.19 billion, a PE ratio of 22.15 and a beta of 0.26.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.79 by $0.10. The firm had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. Huron Consulting Group's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $1.68 EPS. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal 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.