Huron Consulting Group Inc. (NASDAQ:HURN) Shares Purchased by Blair William & Co. IL

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 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,250 shares of the business services provider's stock after purchasing an additional 42,676 shares during the quarter. Blair William & Co. IL owned 0.30% of Huron Consulting Group worth $7,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Huron Consulting Group by 27.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the business services provider's stock worth $287,000 after purchasing an additional 432 shares during the last quarter. Alberta Investment Management Corp lifted its position in shares of Huron Consulting Group by 26.9% in the 1st quarter. Alberta Investment Management Corp now owns 28,799 shares of the business services provider's stock worth $4,131,000 after purchasing an additional 6,113 shares during the period. Baader Bank Aktiengesellschaft bought a new position in Huron Consulting Group in the first quarter worth about $218,000. Vestcor Inc purchased a new stake in Huron Consulting Group in the first quarter worth about $60,000. Finally, XTX Topco Ltd boosted its position in Huron Consulting Group by 37.7% during the 1st quarter. XTX Topco Ltd now owns 6,927 shares of the business services provider's stock valued at $994,000 after acquiring an additional 1,896 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Insider Transactions at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the transaction, the director directly owned 8,162 shares of the company's stock, valued at $1,116,071.88. This represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Mccartney sold 500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $129.11, for a total value of $64,555.00. Following the transaction, the director owned 51,317 shares in the company, valued at $6,625,537.87. This represents a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,708 shares of company stock worth $375,161 in the last ninety days. Insiders own 2.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HURN shares. Barrington Research boosted their price objective on shares of 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 report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $171.50.

Huron Consulting Group Stock Up 2.2%

Shares of NASDAQ:HURN traded up $2.82 during trading hours on Thursday, hitting $131.73. The company's stock had a trading volume of 207,214 shares, compared to its average volume of 192,900. The firm's fifty day moving average price is $135.08 and its 200 day moving average price is $138.37. Huron Consulting Group Inc. has a 52 week low of $101.84 and a 52 week high of $155.00. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 22.99 and a beta of 0.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99.

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

About Huron Consulting Group

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.