Bryce Point Capital LLC Acquires Shares of 6,468 Huron Consulting Group Inc. (NASDAQ:HURN)

Key Points

• Bryce Point Capital LLC has acquired a new stake in Huron Consulting Group, purchasing 6,468 shares valued at approximately $944,000, which represents about 0.7% of their portfolio.
• Huron Consulting Group reported earnings of $1.68 per share for the last quarter, exceeding analysts' expectations and demonstrating an 11.2% increase in quarterly revenue compared to the previous year.
• Wall Street analysts generally have a consensus rating of "Moderate Buy" for Huron Consulting Group, with a price target of $170.75, reflecting positive market sentiment.

Bryce Point Capital LLC purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,468 shares of the business services provider's stock, valued at approximately $944,000. Huron Consulting Group accounts for approximately 0.7% of Bryce Point Capital LLC's portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in HURN. Heck Capital Advisors LLC bought a new stake in Huron Consulting Group in the 4th quarter worth approximately $33,000. Opal Wealth Advisors LLC bought a new stake in Huron Consulting Group in the 1st quarter worth approximately $35,000. CWM LLC lifted 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 worth $58,000 after buying an additional 146 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 worth $71,000 after buying an additional 122 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Huron Consulting Group in the 1st quarter worth approximately $114,000. Institutional investors own 93.90% of the company's stock.

Analysts Set New Price Targets

HURN has been the topic of a number of analyst reports. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Barrington Research lifted their price target on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Huron Consulting Group has a consensus rating of "Moderate Buy" and a consensus target price of $170.75.

Huron Consulting Group Trading Up 0.5%

Shares of HURN stock traded up $0.68 during trading hours on Thursday, reaching $132.61. The company's stock had a trading volume of 116,193 shares, compared to its average volume of 201,923. The stock has a market capitalization of $2.29 billion, a P/E ratio of 19.88 and a beta of 0.28. Huron Consulting Group Inc. has a one year low of $101.73 and a one year high of $155.00. The firm's fifty day simple moving average is $137.73 and its 200 day simple moving average is $138.35. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.14.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a return on equity of 24.68% and a net margin of 7.88%. The company had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. During the same period in the previous year, the company posted $1.23 earnings per share. The firm's revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $68,370.00. Following the sale, the director directly owned 51,817 shares of the company's stock, valued at approximately $7,085,456.58. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joy Brown sold 668 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the completion of the transaction, the director owned 8,896 shares of the company's stock, valued at $1,332,087.04. This represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,208 shares of company stock valued at $310,606. 2.15% of the stock is currently owned by corporate insiders.

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.