Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Cynosure Group LLC

Cynosure Group LLC reduced its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 23.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,508 shares of the business services provider’s stock after selling 779 shares during the quarter. Cynosure Group LLC’s holdings in Huron Consulting Group were worth $312,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new position in shares of Huron Consulting Group in the third quarter worth $328,000. FMR LLC raised its stake in Huron Consulting Group by 32.4% in the 3rd quarter. FMR LLC now owns 21,394 shares of the business services provider’s stock worth $2,326,000 after acquiring an additional 5,230 shares during the last quarter. Atom Investors LP purchased a new position in Huron Consulting Group in the 3rd quarter worth $1,159,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Huron Consulting Group during the 3rd quarter worth about $6,336,000. Finally, State Street Corp grew its stake in Huron Consulting Group by 2.1% during the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after purchasing an additional 8,972 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director H Eugene Lockhart sold 12,500 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the sale, the director now owns 12,172 shares of the company’s stock, valued at approximately $1,825,800. The trade was a 50.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Roth sold 8,641 shares of the stock in a transaction on 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 transaction, the director now directly owns 47,638 shares in the company, valued at approximately $6,782,698.44. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,281 shares of company stock valued at $11,660,497. 2.02% of the stock is owned by company insiders.

Huron Consulting Group Stock Performance

HURN opened at $147.78 on Thursday. The firm has a fifty day moving average price of $137.24 and a 200 day moving average price of $124.55. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $153.85. The stock has a market cap of $2.61 billion, a P/E ratio of 32.13 and a beta of 0.53. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. The company had revenue of $399.31 million during the quarter, compared to analysts’ expectations of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HURN has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating and set a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research reaffirmed an “outperform” rating and issued a $167.00 price objective on shares of Huron Consulting Group in a report on Thursday, March 27th. Wedbush raised their target price on shares of 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 report on Wednesday, March 26th. Finally, Truist Financial lifted their price objective 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $169.25.

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.