Harbor Capital Advisors Inc. Sells 4,167 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Harbor Capital Advisors Inc. lowered its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 48.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Huron Consulting Group by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after acquiring an additional 4,946 shares during the last quarter. Sunriver Management LLC raised its position in Huron Consulting Group by 10.7% during the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock valued at $60,465,000 after purchasing an additional 46,968 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Huron Consulting Group by 16.4% in the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock worth $57,240,000 after buying an additional 64,862 shares during the period. William Blair Investment Management LLC grew its position in shares of Huron Consulting Group by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider's stock worth $31,931,000 after buying an additional 6,338 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Huron Consulting Group by 10.0% in the 4th quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock worth $31,922,000 after buying an additional 23,392 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HURN shares. Truist Financial upped 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. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research raised their target price on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. 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. Finally, Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $170.75.

Insiders Place Their Bets

In other news, Director John Mccartney sold 500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $142.67, for a total value of $71,335.00. Following the sale, the director now directly owns 52,121 shares of the company's stock, valued at $7,436,103.07. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James H. Roth sold 8,641 shares of Huron Consulting Group stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total value of $1,230,305.58. Following the transaction, the director now owns 47,638 shares of the company's stock, valued at $6,782,698.44. The trade was a 15.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,951 shares of company stock worth $2,758,473. 2.15% of the stock is currently owned by company insiders.

Huron Consulting Group Stock Up 0.5%

HURN traded up $0.67 during trading on Tuesday, reaching $136.08. The stock had a trading volume of 189,373 shares, compared to its average volume of 154,705. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 20.40 and a beta of 0.30. The stock's 50 day moving average is $143.51 and its two-hundred day moving average is $135.93. Huron Consulting Group Inc. has a one year low of $95.63 and a one year 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 for the quarter, topping analysts' consensus estimates of $1.16 by $0.52. Huron Consulting Group had a net margin of 7.88% and a return on equity of 24.68%. The firm had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. During the same period in the prior year, the firm earned $1.23 EPS. The company's revenue was up 11.2% compared to the same quarter last year. As a group, analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

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.