Wellington Management Group LLP Boosts Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Wellington Management Group LLP lifted its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 543,236 shares of the business services provider's stock after buying an additional 4,946 shares during the quarter. Wellington Management Group LLP owned about 3.07% of Huron Consulting Group worth $67,503,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in Huron Consulting Group by 5.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider's stock worth $228,000 after acquiring an additional 96 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock worth $502,000 after purchasing an additional 121 shares during the period. Tower Research Capital LLC TRC grew its stake in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after purchasing an additional 122 shares during the period. Hillsdale Investment Management Inc. grew its stake in Huron Consulting Group by 0.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 34,060 shares of the business services provider's stock worth $4,232,000 after purchasing an additional 160 shares during the period. Finally, Keybank National Association OH grew its stake in Huron Consulting Group by 4.2% during the fourth quarter. Keybank National Association OH now owns 4,120 shares of the business services provider's stock worth $512,000 after purchasing an additional 167 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John Mccartney sold 500 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total transaction of $75,565.00. Following the sale, the director now directly owns 55,688 shares in the company, valued at approximately $8,416,127.44. This represents a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the 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 sale, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. This represents a 25.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,407 shares of company stock valued at $9,393,827. Insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Up 1.6%

Shares of NASDAQ HURN traded up $2.27 during mid-day trading on Friday, reaching $143.95. 265,886 shares of the company's stock traded hands, compared to its average volume of 155,004. The stock has a market cap of $2.48 billion, a P/E ratio of 31.29 and a beta of 0.23. The business has a 50-day simple moving average of $144.01 and a 200 day simple moving average of $134.43. Huron Consulting Group Inc. has a 1-year low of $86.56 and a 1-year high of $155.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share 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 for the quarter, compared to the consensus estimate of $389.27 million. During the same quarter in the previous year, the business earned $1.23 EPS. The company's revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on HURN. Benchmark reaffirmed a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Truist Financial raised their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Wedbush raised 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 stock. Based on data from MarketBeat, the company has a consensus 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.