Universal Beteiligungs und Servicegesellschaft mbH Invests $3.06 Million in Huron Consulting Group Inc. (NASDAQ:HURN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,299 shares of the business services provider's stock, valued at approximately $3,055,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Huron Consulting Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after buying an additional 4,946 shares during the last quarter. Sunriver Management LLC increased its holdings in 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 purchasing an additional 46,968 shares during the last quarter. Franklin Resources Inc. increased its holdings in 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 purchasing an additional 64,862 shares during the last quarter. Northern Trust Corp increased its holdings in Huron Consulting Group by 10.0% in the 4th quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock valued at $31,922,000 after purchasing an additional 23,392 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Huron Consulting Group by 27.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 177,449 shares of the business services provider's stock valued at $25,455,000 after purchasing an additional 38,163 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Barrington Research lifted their target price on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $170.75.

Insider Buying and Selling at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 1,040 shares of Huron Consulting Group stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction 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. The trade was a 11.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joy Brown sold 668 shares of Huron Consulting Group stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total transaction of $100,026.32. Following the sale, the director directly owned 8,896 shares of the company's stock, valued at approximately $1,332,087.04. This trade represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,208 shares of company stock valued at $310,606 in the last 90 days. Company insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Down 7.6%

HURN stock traded down $10.10 during midday trading on Friday, hitting $121.98. The company's stock had a trading volume of 502,393 shares, compared to its average volume of 204,894. 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 Inc. has a 52-week low of $101.73 and a 52-week high of $155.00. The firm has a market capitalization of $2.10 billion, a P/E ratio of 18.29 and a beta of 0.28. The firm has a 50-day simple moving average of $136.99 and a 200-day simple moving average of $138.36.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a net margin of 7.88% and a return on equity of 24.68%. The company had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same quarter last year, the company posted $1.68 EPS. The firm's revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Huron Consulting Group 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.