Huron Consulting Group Inc. (NASDAQ:HURN) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 256,895 shares of the business services provider's stock after acquiring an additional 23,392 shares during the period. Northern Trust Corp owned 1.45% of Huron Consulting Group worth $31,922,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Huron Consulting Group by 4.7% during the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock valued at $41,308,000 after acquiring an additional 17,146 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Huron Consulting Group by 8.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,551 shares of the business services provider's stock valued at $1,063,000 after acquiring an additional 695 shares in the last quarter. Dakota Wealth Management raised its stake in shares of Huron Consulting Group by 4.0% during the fourth quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider's stock valued at $280,000 after acquiring an additional 87 shares in the last quarter. Andina Capital Management LLC increased its holdings in Huron Consulting Group by 3.4% during the fourth quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider's stock valued at $410,000 after buying an additional 107 shares during the period. Finally, TI Trust Inc. purchased a new stake in Huron Consulting Group during the fourth quarter worth $12,197,000. Institutional investors own 93.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HURN. Wedbush upped their target price on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Benchmark reaffirmed a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a research report on Wednesday, March 26th. StockNews.com downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Barrington Research upped their price target on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $170.75.

Insider Buying and Selling

In related news, Director James H. Roth sold 8,641 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total transaction of $1,230,305.58. Following the completion of the transaction, the director now directly owns 47,638 shares of the company's stock, valued at $6,782,698.44. This represents a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Mccartney sold 500 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $133.63, for a total transaction of $66,815.00. Following the transaction, the director now owns 51,621 shares in the company, valued at $6,898,114.23. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 Price Performance

HURN traded up $4.15 during trading on Friday, reaching $152.20. The company's stock had a trading volume of 114,286 shares, compared to its average volume of 149,168. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $143.41 and a two-hundred day simple moving average of $132.34. Huron Consulting Group Inc. has a 1 year low of $84.87 and a 1 year high of $155.00. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 33.09 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. The company 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 firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 earnings per share. As a group, analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.