Edgestream Partners L.P. Purchases Shares of 8,211 Huron Consulting Group Inc. (NASDAQ:HURN)

Edgestream Partners L.P. acquired a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,211 shares of the business services provider's stock, valued at approximately $1,178,000.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Huron Consulting Group during the first quarter worth about $35,000. Heck Capital Advisors LLC purchased a new position in Huron Consulting Group during the 4th quarter worth approximately $33,000. CWM LLC raised its holdings in shares of Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after buying an additional 146 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Huron Consulting Group by 27.3% during the 4th 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 during the last quarter. Finally, USA Financial Formulas purchased a new position in Huron Consulting Group in the 1st quarter valued at $114,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the firm'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 completion of the sale, the director directly owned 51,817 shares in the company, valued at $7,085,456.58. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joy Brown sold 668 shares of Huron Consulting Group stock in a transaction 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 directly owned 8,896 shares of the company's stock, valued at $1,332,087.04. The trade was a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,708 shares of company stock valued at $377,421 in the last three months. 2.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HURN has been the topic of several research reports. Benchmark restated a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Wall Street Zen lowered shares of 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 company an "outperform" rating in a research report on Monday, May 5th. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Wedbush upped their price target 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Huron Consulting Group currently has an average rating of "Moderate Buy" and an average price target of $170.75.

Huron Consulting Group Trading Up 0.7%

Shares of HURN traded up $0.89 during mid-day trading on Tuesday, reaching $131.11. 123,109 shares of the company were exchanged, compared to its average volume of 156,146. The business has a 50 day simple moving average of $139.44 and a two-hundred day simple moving average of $138.02. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $2.26 billion, a PE ratio of 19.66 and a beta of 0.28. Huron Consulting Group Inc. has a 52 week low of $101.73 and a 52 week high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings data 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. 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 7.88% and a return on equity of 24.68%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 earnings per share. On average, analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal 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.