Royal Bank of Canada Reduces Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Royal Bank of Canada cut its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,007 shares of the business services provider's stock after selling 3,752 shares during the quarter. Royal Bank of Canada owned about 1.16% of Huron Consulting Group worth $25,599,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group in the fourth quarter valued at $33,000. Tower Research Capital LLC TRC grew its position in shares of Huron Consulting Group by 27.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after purchasing an additional 122 shares in the last quarter. Cibc World Markets Corp purchased a new position in shares of Huron Consulting Group in the fourth quarter valued at $204,000. Xponance Inc. purchased a new position in shares of Huron Consulting Group in the fourth quarter valued at $204,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Huron Consulting Group in the fourth quarter valued at $209,000. 93.90% of the stock is currently owned by institutional investors.

Insider Transactions at Huron Consulting Group

In other news, Director Joy Brown sold 668 shares of the company's 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 completion of the transaction, the director now directly owns 8,896 shares in the company, valued at approximately $1,332,087.04. This represents a 6.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the completion of the transaction, the director now owns 55,688 shares of the company's stock, valued at $8,416,127.44. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 76,907 shares of company stock worth $11,268,827. 2.15% of the stock is currently owned by corporate insiders.

Huron Consulting Group Price Performance

Huron Consulting Group stock traded up $4.65 during midday trading on Tuesday, hitting $153.61. 370,707 shares of the company's stock were exchanged, compared to its average volume of 151,337. Huron Consulting Group Inc. has a 52-week low of $85.35 and a 52-week high of $168.32. The stock has a 50-day moving average price of $143.98 and a two-hundred day moving average price of $134.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $2.65 billion, a P/E ratio of 33.39 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. During the same period in the prior year, the business earned $1.23 EPS. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HURN. Truist Financial lifted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research boosted their target price on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Wedbush boosted their target price on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Finally, Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $170.75.

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.