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

Ameriprise Financial Inc. grew its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jennison Associates LLC grew its position in shares of Huron Consulting Group by 4.8% in the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock valued at $74,722,000 after buying an additional 27,329 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Huron Consulting Group by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after buying an additional 4,946 shares during the last quarter. Sunriver Management LLC grew its position in shares of Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock valued at $60,465,000 after buying an additional 46,968 shares during the last quarter. Franklin Resources Inc. grew its position in shares of 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 valued at $57,240,000 after buying an additional 64,862 shares during the last quarter. Finally, 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 valued at $31,931,000 after buying an additional 6,338 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research raised 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 note on Monday, May 5th. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial boosted their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Wedbush boosted their target price 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 given a buy rating to the company. According to data from MarketBeat.com, Huron Consulting Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

Insider Activity at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total value of $75,565.00. Following the sale, the director now directly owns 55,688 shares of the company's stock, valued at $8,416,127.44. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director H Eugene Lockhart sold 12,500 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the director now directly owns 12,172 shares in the company, valued at $1,825,800. This represents a 50.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,239 shares of company stock valued at $11,168,801 over the last ninety days. Corporate insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Up 2.9%

Shares of NASDAQ HURN traded up $4.30 during trading on Tuesday, reaching $153.26. 269,070 shares of the stock were exchanged, compared to its average volume of 150,954. The business's 50-day moving average price is $143.98 and its 200 day moving average price is $134.08. Huron Consulting Group Inc. has a twelve month low of $85.35 and a twelve month high of $155.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 33.32 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, topping analysts' consensus estimates of $1.16 by $0.52. The business had revenue of $404.14 million for the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal 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.