Raymond James Financial Inc. Takes $1.30 Million Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Raymond James Financial Inc. purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,477 shares of the business services provider's stock, valued at approximately $1,301,000. Raymond James Financial Inc. owned 0.06% of Huron Consulting Group at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Peapack Gladstone Financial Corp acquired a new position in shares of Huron Consulting Group in the third quarter valued at approximately $220,000. Franklin Resources Inc. lifted its holdings in shares of 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 in the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 valued at $41,308,000 after acquiring an additional 17,146 shares in the last quarter. Nordea Investment Management AB increased its position in Huron Consulting Group by 4.7% during the fourth quarter. Nordea Investment Management AB now owns 74,244 shares of the business services provider's stock worth $9,321,000 after acquiring an additional 3,346 shares during the period. Finally, Diversified Trust Co raised its stake in Huron Consulting Group by 9.1% in the 4th quarter. Diversified Trust Co now owns 5,907 shares of the business services provider's stock worth $734,000 after purchasing an additional 493 shares in the last quarter. 93.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Huron Consulting Group news, Director H Eugene Lockhart sold 12,500 shares of the company's stock in a transaction on 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 owns 12,172 shares in the company, valued at $1,825,800. This represents a 50.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at $11,835,927.38. This trade represents a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,239 shares of company stock worth $11,420,861. Insiders own 2.15% of the company's stock.

Huron Consulting Group Trading Up 0.6 %

Huron Consulting Group stock traded up $0.96 during mid-day trading on Tuesday, hitting $149.27. 182,053 shares of the stock were exchanged, compared to its average volume of 148,531. 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's fifty day simple moving average is $143.09 and its two-hundred day simple moving average is $130.37. Huron Consulting Group Inc. has a 12 month low of $84.87 and a 12 month high of $153.85. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 32.45 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released 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. 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 quarter in the previous year, the company earned $1.23 EPS. Huron Consulting Group's quarterly revenue was up 11.2% compared to the same quarter last year. Analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

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

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.