Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 43.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,359 shares of the business services provider's stock after selling 37,163 shares during the quarter. Deutsche Bank AG owned approximately 0.27% of Huron Consulting Group worth $6,009,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Huron Consulting Group by 61.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock worth $1,488,000 after buying an additional 4,550 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Huron Consulting Group during the fourth quarter worth approximately $211,000. Congress Asset Management Co. increased its position in shares of Huron Consulting Group by 9.0% during the fourth quarter. Congress Asset Management Co. now owns 79,095 shares of the business services provider's stock worth $9,828,000 after purchasing an additional 6,521 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Huron Consulting Group by 29.6% during the fourth quarter. JPMorgan Chase & Co. now owns 101,041 shares of the business services provider's stock worth $12,555,000 after purchasing an additional 23,059 shares in the last quarter. Finally, PEAK6 LLC purchased a new stake in shares of Huron Consulting Group during the fourth quarter worth approximately $230,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HURN has been the subject of several research reports. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial boosted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Benchmark reiterated a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research boosted their price target on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Wedbush boosted their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Huron Consulting Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

Huron Consulting Group Trading Up 0.1%

NASDAQ:HURN traded up $0.22 during trading hours on Thursday, hitting $150.69. The company had a trading volume of 142,679 shares, compared to its average volume of 149,522. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $143.95 and a 200 day moving average of $133.42. The company has a market cap of $2.60 billion, a P/E ratio of 32.76 and a beta of 0.23. Huron Consulting Group Inc. has a 1 year low of $84.87 and a 1 year high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.52. The company had revenue of $404.14 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. Sell-side analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Transactions at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at approximately $11,835,927.38. This represents a 25.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Mccartney sold 500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $133.63, for a total value of $66,815.00. Following the transaction, the director now owns 51,621 shares of the company's stock, valued at approximately $6,898,114.23. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,239 shares of company stock worth $11,168,801. 2.15% of the stock is currently owned by company insiders.

Huron Consulting Group Company 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.