Envestnet Asset Management Inc. Sells 2,579 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Envestnet Asset Management Inc. lessened its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,896 shares of the business services provider's stock after selling 2,579 shares during the quarter. Envestnet Asset Management Inc. owned 0.32% of Huron Consulting Group worth $8,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $35,000. Heck Capital Advisors LLC purchased a new position in Huron Consulting Group during the fourth quarter valued at $33,000. Tower Research Capital LLC TRC increased its holdings in shares of 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. USA Financial Formulas bought a new stake in shares of Huron Consulting Group during the 1st quarter valued at about $114,000. Finally, KBC Group NV purchased a new stake in Huron Consulting Group during the 1st quarter valued at $128,000. 93.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Wedbush raised their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a research 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 company an "outperform" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Huron Consulting Group has a consensus rating of "Moderate Buy" and an average target price of $170.75.

Huron Consulting Group Stock Up 0.7%

HURN stock traded up $0.89 during trading hours on Tuesday, reaching $131.11. 123,109 shares of the stock were exchanged, compared to its average volume of 156,209. Huron Consulting Group Inc. has a 12 month low of $101.73 and a 12 month high of $155.00. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 19.66 and a beta of 0.28. The firm's 50-day moving average is $140.28 and its 200-day moving average is $138.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.08 and a quick ratio of 2.08.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $389.27 million. Huron Consulting Group had a net margin of 7.88% and a return on equity of 24.68%. The company's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. On average, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity

In related news, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the sale, the director owned 8,162 shares of the company's stock, valued at approximately $1,116,071.88. This represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $68,370.00. Following the sale, the director directly owned 51,817 shares in the company, valued at approximately $7,085,456.58. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,708 shares of company stock worth $377,421. Corporate insiders own 2.15% of the company's stock.

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.