Boston Partners Has $119.97 Million Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Key Points

• Boston Partners reduced its stake in Huron Consulting Group by 0.2%, holding 838,470 shares valued at approximately $119.97 million after selling 1,956 shares in the first quarter.
• Insider sales included Director James H. Roth selling 2,000 shares for about $257,960, leading to a 4.41% decrease in his ownership position.
• Huron Consulting Group reported an EPS of $1.89 for the last quarter, exceeding expectations, while its stock currently holds an average rating of "Moderate Buy" with a target price of $171.50.

Boston Partners trimmed its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 0.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 838,470 shares of the business services provider's stock after selling 1,956 shares during the quarter. Boston Partners owned approximately 4.86% of Huron Consulting Group worth $119,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in Huron Consulting Group during the 1st quarter valued at $38,511,000. Blair William & Co. IL raised its position in Huron Consulting Group by 445.7% during the first quarter. Blair William & Co. IL now owns 52,250 shares of the business services provider's stock valued at $7,495,000 after buying an additional 42,676 shares during the period. Assenagon Asset Management S.A. lifted its stake in Huron Consulting Group by 27.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 177,449 shares of the business services provider's stock worth $25,455,000 after acquiring an additional 38,163 shares in the last quarter. Millennium Management LLC boosted its position in Huron Consulting Group by 58.7% during the 4th quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock worth $11,540,000 after acquiring an additional 34,353 shares during the period. Finally, Lisanti Capital Growth LLC purchased a new position in Huron Consulting Group during the 1st quarter valued at about $4,626,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HURN shares. Barrington Research increased their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Huron Consulting Group has an average rating of "Moderate Buy" and an average target price of $171.50.

Huron Consulting Group Stock Up 0.2%

Shares of HURN traded up $0.27 during midday trading on Friday, reaching $133.17. 161,090 shares of the stock were exchanged, compared to its average volume of 198,551. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 23.24 and a beta of 0.26. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. The firm has a 50 day simple moving average of $133.80 and a 200-day simple moving average of $138.69.

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 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%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 earnings per share. Research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Buying and Selling at Huron Consulting Group

In related news, Director Joy Brown sold 668 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total value of $100,026.32. Following the completion of the sale, the director directly owned 8,896 shares in the company, valued at approximately $1,332,087.04. This represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $142,209.60. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 4,708 shares of company stock worth $633,121 over the last quarter. Company 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.