Boston Partners Decreases Stock Holdings in Huron Consulting Group Inc. $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 13F filing with the Securities and Exchange Commission (SEC). The fund owned 838,470 shares of the business services provider's stock after selling 1,956 shares during the period. Boston Partners owned approximately 4.86% of Huron Consulting Group worth $119,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in Huron Consulting Group by 53.4% in the fourth quarter. LPL Financial LLC now owns 3,843 shares of the business services provider's stock valued at $478,000 after acquiring an additional 1,338 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Huron Consulting Group by 62.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,205 shares of the business services provider's stock valued at $1,268,000 after purchasing an additional 3,940 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Huron Consulting Group by 9.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 59,475 shares of the business services provider's stock valued at $7,390,000 after purchasing an additional 4,971 shares during the period. Raymond James Financial Inc. purchased a new position in Huron Consulting Group during the 4th quarter worth approximately $1,301,000. Finally, Rockefeller Capital Management L.P. grew its stake in Huron Consulting Group by 12.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 116,446 shares of the business services provider's stock worth $14,470,000 after buying an additional 13,219 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research lifted their target price on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. 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, Huron Consulting Group has an average rating of "Moderate Buy" and an average target price of $171.50.

Huron Consulting Group Stock Performance

Huron Consulting Group stock traded up $1.73 during mid-day trading on Monday, reaching $134.90. 146,676 shares of the company were exchanged, compared to its average volume of 204,834. The firm's 50-day simple moving average is $133.80 and its two-hundred day simple moving average is $138.74. Huron Consulting Group Inc. has a twelve month low of $102.58 and a twelve month high of $155.00. The firm has a market cap of $2.34 billion, a PE ratio of 23.54 and a beta of 0.26. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, topping 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 firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. During the same period last year, the company earned $1.68 earnings per share. The company's revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 transaction, the director owned 8,896 shares in the company, valued at approximately $1,332,087.04. The trade was a 6.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Mccartney sold 500 shares of the 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 directly owned 51,317 shares of the company's stock, valued at approximately $6,625,537.87. This trade represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,379 shares of company stock valued at $724,092. Corporate insiders own 2.15% of the company's stock.

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.