Blair William & Co. IL Purchases 42,676 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Key Points

• Blair William & Co. IL increased its holdings in Huron Consulting Group by 445.7% during the first quarter, now owning 52,250 shares valued at approximately $7.5 million.
• Huron Consulting Group reported $1.89 EPS for the last quarter, surpassing analysts' expectations of $1.79, while revenue increased by 8.3% year-over-year to $402.5 million.
• The stock is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $170.75, following several upgrades and downgrades from research institutions.

Blair William & Co. IL raised its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 445.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,250 shares of the business services provider's stock after buying an additional 42,676 shares during the period. Blair William & Co. IL owned about 0.30% of Huron Consulting Group worth $7,495,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Huron Consulting Group in the 1st quarter worth $35,000. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group in the 4th quarter worth $33,000. CWM LLC increased its stake in shares of Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after purchasing an additional 146 shares in the last quarter. Vestcor Inc purchased a new stake in shares of Huron Consulting Group in the 1st quarter worth $60,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of 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 worth $71,000 after purchasing an additional 122 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the business'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 sale, the director directly owned 8,896 shares of the company's stock, 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 John Mccartney sold 500 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $129.11, for a total value of $64,555.00. Following the sale, the director owned 51,317 shares in the company, valued at $6,625,537.87. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,708 shares of company stock worth $633,121. 2.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on HURN. Barrington Research upped their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research note on Thursday. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $171.50.

Huron Consulting Group Price Performance

HURN stock traded up $1.27 during trading on Friday, reaching $133.00. The company's stock had a trading volume of 173,992 shares, compared to its average volume of 194,572. Huron Consulting Group Inc. has a 1 year low of $101.84 and a 1 year high of $155.00. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $2.30 billion, a P/E ratio of 23.21 and a beta of 0.26. The company's fifty day moving average is $134.86 and its 200-day moving average is $138.40.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.10. The firm had revenue of $402.50 million during the quarter, compared to analyst estimates of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. On average, research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Huron Consulting Group Company 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.