Voloridge Investment Management LLC Buys Shares of 24,620 Huron Consulting Group Inc. (NASDAQ:HURN)

Voloridge Investment Management LLC purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,620 shares of the business services provider's stock, valued at approximately $3,059,000. Voloridge Investment Management LLC owned 0.14% of Huron Consulting Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HURN. Squarepoint Ops LLC lifted its stake in Huron Consulting Group by 355.5% in the 4th quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider's stock worth $2,218,000 after acquiring an additional 13,934 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Huron Consulting Group during the 4th quarter worth about $348,000. ProShare Advisors LLC raised its stake in shares of Huron Consulting Group by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 4,947 shares of the business services provider's stock valued at $615,000 after acquiring an additional 1,627 shares in the last quarter. Man Group plc raised its stake in shares of Huron Consulting Group by 25.4% in the 4th quarter. Man Group plc now owns 2,802 shares of the business services provider's stock valued at $348,000 after acquiring an additional 568 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Huron Consulting Group by 58.7% in the 4th quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock valued at $11,540,000 after acquiring an additional 34,353 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Buying and Selling at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total transaction of $75,565.00. Following the transaction, the director now owns 55,688 shares in the company, valued at approximately $8,416,127.44. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C. Mark Hussey sold 27,672 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the transaction, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. This trade represents a 25.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,407 shares of company stock worth $9,393,827 over the last 90 days. Company insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Up 1.6%

NASDAQ HURN traded up $2.27 during trading hours on Friday, hitting $143.95. 265,886 shares of the company traded hands, compared to its average volume of 155,004. The business's 50-day moving average is $144.01 and its 200-day moving average is $134.43. Huron Consulting Group Inc. has a twelve month low of $86.56 and a twelve month high of $155.00. 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 stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 31.29 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.16 by $0.52. The firm had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. Sell-side analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Wall Street Analyst Weigh In

HURN has been the topic of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research lifted their price objective 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. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. 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 research note on Tuesday, March 4th. Finally, Wedbush boosted their target price on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.