Huron Consulting Group Inc. (NASDAQ:HURN) Stock Holdings Decreased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 45.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,912 shares of the business services provider's stock after selling 15,452 shares during the period. Cubist Systematic Strategies LLC owned 0.11% of Huron Consulting Group worth $2,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC raised its position in shares of Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock valued at $74,722,000 after acquiring an additional 27,329 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after acquiring an additional 4,946 shares in the last quarter. Sunriver Management LLC raised its position in shares of Huron Consulting Group by 10.7% during 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 in the last quarter. Franklin Resources Inc. raised its position in shares of Huron Consulting Group by 16.4% during the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock valued at $57,240,000 after acquiring an additional 64,862 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Huron Consulting Group by 4.7% in the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock worth $41,308,000 after acquiring an additional 17,146 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Stock Down 1.2%

Huron Consulting Group stock opened at $150.46 on Monday. Huron Consulting Group Inc. has a 52 week low of $84.87 and a 52 week high of $154.83. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 32.71 and a beta of 0.23. The company's 50-day moving average price is $143.19 and its two-hundred day moving average price is $131.47. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

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 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.52. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. During the same period in the previous year, the firm earned $1.23 EPS. Huron Consulting Group's revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on HURN shares. Truist Financial raised their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research boosted their price target on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a report on Monday, May 5th. StockNews.com downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Wedbush increased their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Huron Consulting Group has a consensus rating of "Moderate Buy" and an average price target of $170.75.

Insiders Place Their Bets

In other news, Director John Mccartney sold 500 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the completion of the sale, the director now owns 55,688 shares in the company, valued at $8,416,127.44. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James H. Roth sold 8,641 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total value of $1,230,305.58. Following the completion of the sale, the director now owns 47,638 shares of the company's stock, valued at approximately $6,782,698.44. This trade represents a 15.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,239 shares of company stock worth $11,168,801. 2.15% of the stock is owned by corporate insiders.

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.

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