Harbor Capital Advisors Inc. Trims Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Harbor Capital Advisors Inc. decreased its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 48.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,384 shares of the business services provider's stock after selling 4,167 shares during the period. Harbor Capital Advisors Inc.'s holdings in Huron Consulting Group were worth $629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in Huron Consulting Group by 61.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock worth $1,488,000 after acquiring an additional 4,550 shares in the last quarter. Congress Asset Management Co. boosted its holdings in Huron Consulting Group by 9.0% in the fourth quarter. Congress Asset Management Co. now owns 79,095 shares of the business services provider's stock worth $9,828,000 after acquiring an additional 6,521 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Huron Consulting Group by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,376 shares of the business services provider's stock worth $25,520,000 after acquiring an additional 3,783 shares in the last quarter. Keybank National Association OH boosted its holdings in Huron Consulting Group by 4.2% in the fourth quarter. Keybank National Association OH now owns 4,120 shares of the business services provider's stock worth $512,000 after acquiring an additional 167 shares in the last quarter. Finally, M&T Bank Corp bought a new position in Huron Consulting Group in the fourth quarter worth approximately $407,000. Institutional investors own 93.90% of the company's stock.

Wall Street Analyst Weigh In

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

Huron Consulting Group Stock Performance

Shares of HURN traded down $1.86 on Friday, reaching $134.70. 140,591 shares of the company's stock traded hands, compared to its average volume of 154,647. 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 stock has a market cap of $2.32 billion, a PE ratio of 29.28 and a beta of 0.30. The stock's 50 day simple moving average is $143.67 and its two-hundred day simple moving average is $135.76. Huron Consulting Group Inc. has a 52-week low of $94.31 and a 52-week high of $155.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.52. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business had revenue of $404.14 million during the quarter, compared to the consensus estimate of $389.27 million. During the same period last year, the business posted $1.23 earnings per share. The business's revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $133.63, for a total transaction of $66,815.00. Following the completion of the sale, the director now owns 51,621 shares of the company's stock, valued at $6,898,114.23. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joy Brown sold 668 shares of Huron Consulting Group stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the sale, the director now directly owns 8,896 shares of the company's stock, valued at approximately $1,332,087.04. This trade represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,951 shares of company stock valued at $2,758,473 over the last ninety days. 2.15% of the stock is currently owned by 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.