Huron Consulting Group Inc. (NASDAQ:HURN) Position Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 62.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,205 shares of the business services provider's stock after purchasing an additional 3,940 shares during the period. Wells Fargo & Company MN owned about 0.06% of Huron Consulting Group worth $1,268,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Huron Consulting Group by 61.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock valued at $1,488,000 after purchasing an additional 4,550 shares during the period. Franklin Resources Inc. increased its holdings in Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock worth $42,306,000 after buying an additional 67,239 shares during the last quarter. Aigen Investment Management LP acquired a new position in Huron Consulting Group in the fourth quarter worth approximately $211,000. Congress Asset Management Co. increased its holdings in Huron Consulting Group by 9.0% in the fourth quarter. Congress Asset Management Co. now owns 79,095 shares of the business services provider's stock worth $9,828,000 after buying an additional 6,521 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Huron Consulting Group by 29.6% in the fourth quarter. JPMorgan Chase & Co. now owns 101,041 shares of the business services provider's stock worth $12,555,000 after buying an additional 23,059 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Huron Consulting Group Stock Up 0.8 %

Shares of NASDAQ HURN opened at $135.26 on Tuesday. The stock has a market cap of $2.42 billion, a P/E ratio of 29.40 and a beta of 0.37. The firm has a 50 day moving average price of $141.98 and a 200 day moving average price of $129.05. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $153.85.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. Analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HURN shares. Benchmark restated a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a report on Wednesday, March 26th. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research reiterated an "outperform" rating and set a $167.00 price target on shares of Huron Consulting Group in a research note on Thursday, March 27th. Wedbush raised their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Finally, Truist Financial lifted their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $169.25.

Insider Activity at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $142.67, for a total transaction of $71,335.00. Following the completion of the transaction, the director now owns 52,121 shares in the company, valued at approximately $7,436,103.07. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total value of $252,060.00. Following the sale, the director now owns 48,534 shares of the company's stock, valued at approximately $6,116,740.02. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,781 shares of company stock valued at $11,484,452. 2.15% of the stock is owned by 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.

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