Congress Asset Management Co. Reduces Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Congress Asset Management Co. cut its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,302 shares of the business services provider's stock after selling 4,793 shares during the quarter. Congress Asset Management Co. owned about 0.41% of Huron Consulting Group worth $10,659,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in Huron Consulting Group by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after acquiring an additional 4,946 shares during the last quarter. Sunriver Management LLC boosted its position in shares of Huron Consulting Group by 10.7% during the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock valued at $60,465,000 after purchasing an additional 46,968 shares in the last quarter. Franklin Resources Inc. grew its stake in Huron Consulting Group by 16.4% during the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock worth $57,240,000 after purchasing an additional 64,862 shares during the period. William Blair Investment Management LLC grew its stake in Huron Consulting Group by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider's stock worth $31,931,000 after purchasing an additional 6,338 shares during the period. Finally, Northern Trust Corp increased its holdings in Huron Consulting Group by 10.0% in the fourth quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock worth $31,922,000 after purchasing an additional 23,392 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HURN. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Benchmark reissued a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Truist Financial raised their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Wedbush upped their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Finally, Barrington Research increased their price objective on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Huron Consulting Group has an average rating of "Moderate Buy" and a consensus target price of $170.75.

Huron Consulting Group Stock Down 3.7%

NASDAQ HURN traded down $5.18 during mid-day trading on Wednesday, hitting $134.91. The company's stock had a trading volume of 249,913 shares, compared to its average volume of 154,300. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 29.33 and a beta of 0.30. The company's 50 day simple moving average is $143.75 and its 200 day simple moving average is $135.54. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a twelve month low of $94.31 and a twelve month high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. The firm had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. Analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity

In other news, Director Joy Brown sold 668 shares of the company'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 value of $100,026.32. Following the completion of the transaction, the director now directly owns 8,896 shares of the company's stock, valued at $1,332,087.04. This represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James H. Roth sold 8,642 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total value of $1,289,991.34. Following the completion of the transaction, the director now directly owns 56,279 shares in the company, valued at approximately $8,400,766.33. This represents a 13.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,951 shares of company stock worth $2,758,473 over the last 90 days. 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.