Clark Capital Management Group Inc. Increases Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Clark Capital Management Group Inc. boosted its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,845 shares of the business services provider's stock after acquiring an additional 16,660 shares during the period. Clark Capital Management Group Inc. owned 0.31% of Huron Consulting Group worth $6,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HURN. Dakota Wealth Management lifted its stake in shares of Huron Consulting Group by 4.0% in the fourth quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider's stock worth $280,000 after buying an additional 87 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Huron Consulting Group by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider's stock valued at $228,000 after buying an additional 96 shares during the last quarter. Andina Capital Management LLC boosted its stake in shares of Huron Consulting Group by 3.4% during the 4th quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider's stock worth $410,000 after acquiring an additional 107 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Huron Consulting Group by 27.3% in the 4th 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 in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position 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 valued at $4,232,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Insider Transactions at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 12,500 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the transaction, the director now owns 12,172 shares of the company's stock, valued at approximately $1,825,800. This trade represents a 50.66% decrease in their position. The transaction 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 transaction of $4,037,621.52. Following the completion of the sale, the chief executive officer now directly 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. Over the last ninety days, insiders sold 76,239 shares of company stock worth $11,168,801. Corporate insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Performance

HURN traded down $1.79 on Wednesday, reaching $148.01. The company had a trading volume of 100,230 shares, compared to its average volume of 149,169. The company's fifty day moving average is $143.38 and its 200 day moving average is $131.94. 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 cap of $2.55 billion, a P/E ratio of 32.18 and a beta of 0.23. Huron Consulting Group Inc. has a fifty-two week low of $84.87 and a fifty-two week high of $155.00.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research boosted their price objective on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. StockNews.com lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Finally, Truist Financial increased their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on 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.