Raymond James Financial Inc. Purchases Shares of 10,477 Huron Consulting Group Inc. (NASDAQ:HURN)

Raymond James Financial Inc. purchased a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,477 shares of the business services provider's stock, valued at approximately $1,301,000. Raymond James Financial Inc. owned about 0.06% of Huron Consulting Group at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Renaissance Group LLC lifted its position in Huron Consulting Group by 11.3% during the fourth quarter. Renaissance Group LLC now owns 41,282 shares of the business services provider's stock valued at $5,130,000 after purchasing an additional 4,179 shares during the period. Aristides Capital LLC increased its holdings in Huron Consulting Group by 31.5% in the 4th quarter. Aristides Capital LLC now owns 2,711 shares of the business services provider's stock worth $337,000 after acquiring an additional 650 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Huron Consulting Group by 1.4% in the fourth quarter. Federated Hermes Inc. now owns 86,859 shares of the business services provider's stock valued at $10,793,000 after purchasing an additional 1,161 shares during the period. Envestnet Asset Management Inc. lifted its stake in Huron Consulting Group by 9.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 59,475 shares of the business services provider's stock valued at $7,390,000 after buying an additional 4,971 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Huron Consulting Group by 62.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,205 shares of the business services provider's stock valued at $1,268,000 after acquiring an additional 3,940 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HURN shares. Truist Financial boosted their target price on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Wedbush upped their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Barrington Research raised their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday. Benchmark restated a "buy" rating and issued a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

Huron Consulting Group Price Performance

NASDAQ HURN traded down $2.34 on Friday, reaching $149.92. The company's stock had a trading volume of 42,784 shares, compared to its average volume of 207,699. Huron Consulting Group Inc. has a twelve month low of $84.87 and a twelve month high of $154.83. The stock has a market cap of $2.59 billion, a PE ratio of 32.59 and a beta of 0.23. The firm's 50 day moving average is $143.13 and its two-hundred day moving average is $130.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

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, topping analysts' consensus estimates 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 analyst estimates of $389.27 million. During the same period in the previous year, the firm earned $1.23 earnings per share. Huron Consulting Group's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Activity

In related news, CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group 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 owns 81,118 shares of the company's stock, valued at approximately $11,835,927.38. This trade represents a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Eugene Lockhart sold 12,500 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the transaction, the director now directly owns 12,172 shares in the company, valued at approximately $1,825,800. The trade was a 50.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,239 shares of company stock worth $11,168,801. 2.15% of the stock is owned by corporate insiders.

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.