Huron Consulting Group Inc. (NASDAQ:HURN) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 57,273 shares of the business services provider's stock after purchasing an additional 5,187 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.32% of Huron Consulting Group worth $7,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HURN. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group during the 4th quarter valued at $33,000. Tower Research Capital LLC TRC boosted its stake in Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after purchasing an additional 122 shares during the period. Xponance Inc. bought a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $204,000. Cibc World Markets Corp bought a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $204,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Analyst Ratings Changes

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

Huron Consulting Group Price Performance

HURN traded down $2.23 during trading on Wednesday, hitting $151.38. The company's stock had a trading volume of 12,903 shares, compared to its average volume of 150,823. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a twelve month low of $85.35 and a twelve month high of $155.00. The business's fifty day simple moving average is $144.08 and its 200 day simple moving average is $134.21. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 32.93 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. On average, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO C. Mark Hussey sold 27,672 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now directly owns 81,118 shares of the company's stock, valued at $11,835,927.38. This trade represents a 25.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James H. Roth sold 8,642 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $147.92, for a total value of $1,278,324.64. Following the transaction, the director now directly owns 73,563 shares of the company's stock, valued at $10,881,438.96. The trade was a 10.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,407 shares of company stock valued at $9,393,827. 2.15% of the stock is 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.