Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 45.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,531 shares of the business services provider's stock after selling 27,670 shares during the quarter. Marshall Wace LLP owned 0.19% of Huron Consulting Group worth $4,167,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in shares of Huron Consulting Group during the fourth quarter valued at approximately $33,000. Cibc World Markets Corp bought a new stake in Huron Consulting Group during the 4th quarter valued at $204,000. Xponance Inc. purchased a new position in shares of Huron Consulting Group in the 4th quarter valued at $204,000. Aigen Investment Management LP bought a new position in shares of Huron Consulting Group in the 4th quarter worth $211,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Huron Consulting Group during the 4th quarter worth $213,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HURN has been the topic of several analyst reports. Truist Financial lifted 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. Barrington Research restated an "outperform" rating and issued a $167.00 target price on shares of Huron Consulting Group in a research note on Thursday, March 27th. 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. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, Wedbush raised their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Huron Consulting Group currently has a consensus rating of "Buy" and an average target price of $169.25.

Insider Buying and Selling

In other news, CEO C. Mark Hussey sold 27,672 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were 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 owns 81,118 shares of the company's stock, valued at $11,835,927.38. This represents a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction dated 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 sale, the director now owns 24,672 shares of the company's stock, valued at $3,087,700.80. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,781 shares of company stock worth $11,484,452. 2.15% of the stock is owned by corporate insiders.

Huron Consulting Group Stock Performance

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

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $389.27 million. During the same period in the previous year, the firm posted $1.23 EPS. Huron Consulting Group's revenue was up 11.2% compared to the same quarter last year. As a group, analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

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.