Legato Capital Management LLC Makes New Investment in Huron Consulting Group Inc. (NASDAQ:HURN)

Legato Capital Management LLC acquired a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,535 shares of the business services provider's stock, valued at approximately $794,000.

Other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Huron Consulting Group during the 1st quarter valued at about $35,000. Heck Capital Advisors LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $33,000. CWM LLC grew its position in shares of Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after acquiring an additional 146 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after acquiring an additional 122 shares during the period. Finally, USA Financial Formulas acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at about $114,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

Insider Activity

In other news, Director John Mccartney sold 500 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $68,370.00. Following the transaction, the director owned 51,817 shares in the company, valued at $7,085,456.58. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director H Eugene Lockhart sold 1,040 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the sale, the director directly owned 8,162 shares of the company's stock, valued at approximately $1,116,071.88. This represents a 11.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,708 shares of company stock worth $377,421 over the last quarter. 2.15% of the stock is currently owned by corporate insiders.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN traded up $1.01 during midday trading on Friday, hitting $133.49. The stock had a trading volume of 97,120 shares, compared to its average volume of 156,540. The company has a market capitalization of $2.30 billion, a PE ratio of 20.01 and a beta of 0.28. The stock has a 50 day simple moving average of $138.86 and a 200-day simple moving average of $138.06. Huron Consulting Group Inc. has a 1 year low of $101.73 and a 1 year high of $155.00. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.14.

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, beating the consensus estimate of $1.16 by $0.52. The business 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 24.68% and a net margin of 7.88%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 earnings per share. On average, sell-side analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on HURN. Barrington Research raised their target price on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. 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 issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $170.75.

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.