Canada Pension Plan Investment Board Boosts Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Canada Pension Plan Investment Board raised its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 1,600.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,200 shares of the business services provider's stock after buying an additional 9,600 shares during the quarter. Canada Pension Plan Investment Board owned about 0.06% of Huron Consulting Group worth $1,267,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. TI Trust Inc. acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth about $12,197,000. Franklin Resources Inc. boosted its stake in Huron Consulting Group by 20.5% during 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 period. Norges Bank acquired a new stake in shares of Huron Consulting Group during the fourth quarter valued at about $7,427,000. Sunriver Management LLC raised its stake in shares of 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 acquiring an additional 46,968 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Huron Consulting Group by 4.8% in the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock worth $74,722,000 after acquiring an additional 27,329 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Huron Consulting Group Price Performance

Shares of HURN stock traded down $1.15 during midday trading on Wednesday, reaching $134.79. 385,689 shares of the company traded hands, compared to its average volume of 146,916. The firm's 50 day simple moving average is $142.34 and its two-hundred day simple moving average is $129.14. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $2.42 billion, a PE ratio of 29.30 and a beta of 0.37. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $404.14 million during the quarter, compared to the consensus estimate of $389.27 million. During the same quarter last year, the business posted $1.23 earnings per share. Huron Consulting Group's revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $125.15, for a total transaction of $130,406.30. Following the completion of the transaction, the director now owns 24,672 shares of the company's stock, valued at approximately $3,087,700.80. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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. In the last three months, insiders sold 78,781 shares of company stock worth $11,484,452. Insiders own 2.15% of the company's stock.

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.