Royal Bank of Canada Sells 3,752 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

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

Several other large investors have also recently made changes to their positions in HURN. Dakota Wealth Management increased its position in shares of Huron Consulting Group by 4.0% during the 4th quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider's stock valued at $280,000 after purchasing an additional 87 shares during the last quarter. Andina Capital Management LLC increased its holdings in Huron Consulting Group by 3.4% in the 4th quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider's stock worth $410,000 after acquiring an additional 107 shares during the last quarter. TI Trust Inc. purchased a new stake in Huron Consulting Group in the 4th quarter worth about $12,197,000. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group in the 4th quarter worth about $33,000. Finally, Jennison Associates LLC increased its holdings in 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 worth $74,722,000 after acquiring an additional 27,329 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HURN shares. Truist Financial lifted their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Benchmark reissued a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, Wedbush lifted their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $170.75.

Huron Consulting Group Price Performance

HURN stock traded up $1.56 during mid-day trading on Thursday, reaching $140.79. 91,804 shares of the company traded hands, compared to its average volume of 153,214. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $2.43 billion, a P/E ratio of 30.61 and a beta of 0.23. Huron Consulting Group Inc. has a 52-week low of $85.35 and a 52-week high of $155.00. The company has a fifty day moving average price of $144.05 and a 200-day moving average price of $134.25.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. The business had revenue of $404.14 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. As a group, analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $151.13, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James H. Roth sold 8,642 shares of Huron Consulting Group stock in a transaction dated Wednesday, March 5th. The shares were 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. Insiders sold 64,407 shares of company stock valued at $9,393,827 in the last quarter. 2.15% of the stock is currently owned by corporate 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.