Deutsche Bank AG Sells 37,163 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Deutsche Bank AG trimmed its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 43.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,359 shares of the business services provider's stock after selling 37,163 shares during the quarter. Deutsche Bank AG owned about 0.27% of Huron Consulting Group worth $6,009,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in Huron Consulting Group during the fourth quarter valued at approximately $33,000. Tower Research Capital LLC TRC raised its position in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after acquiring an additional 122 shares in the last quarter. Cibc World Markets Corp purchased a new position in Huron Consulting Group during the fourth quarter valued at approximately $204,000. Xponance Inc. purchased a new position in Huron Consulting Group during the fourth quarter valued at approximately $204,000. Finally, Two Sigma Securities LLC purchased a new position in Huron Consulting Group during the fourth quarter valued at approximately $209,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 12,500 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the transaction, the director now owns 12,172 shares in the company, valued at $1,825,800. The trade was a 50.66% 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, CEO C. Mark Hussey sold 27,672 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. This trade represents a 25.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,239 shares of company stock valued at $11,168,801. 2.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial raised their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Wedbush raised their price objective on 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 raised their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a report on Monday, May 5th. One research 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 company has an average rating of "Moderate Buy" and an average price target of $170.75.

Huron Consulting Group Stock Down 1.1%

Shares of NASDAQ:HURN traded down $1.73 on Friday, hitting $148.96. 215,894 shares of the company's stock were exchanged, compared to its average volume of 150,455. The company has a market capitalization of $2.57 billion, a PE ratio of 32.38 and a beta of 0.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group Inc. has a 1-year low of $85.35 and a 1-year high of $155.00. The firm's 50-day moving average is $144.00 and its 200 day moving average is $133.88.

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

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.