Kennedy Capital Management LLC Purchases New Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Kennedy Capital Management LLC purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,102 shares of the business services provider’s stock, valued at approximately $5,614,000. Kennedy Capital Management LLC owned approximately 0.32% of Huron Consulting Group at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Huron Consulting Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock valued at $200,378,000 after purchasing an additional 25,905 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Huron Consulting Group by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock valued at $40,163,000 after acquiring an additional 5,304 shares during the last quarter. Norges Bank acquired a new position in Huron Consulting Group in the fourth quarter valued at approximately $14,460,000. Hillsdale Investment Management Inc. lifted its holdings in Huron Consulting Group by 8.5% in the first quarter. Hillsdale Investment Management Inc. now owns 54,860 shares of the business services provider’s stock valued at $5,301,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in Huron Consulting Group by 52.2% in the fourth quarter. Panagora Asset Management Inc. now owns 52,248 shares of the business services provider’s stock valued at $5,371,000 after acquiring an additional 17,911 shares during the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Mccartney sold 1,259 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $95.38, for a total transaction of $120,083.42. Following the sale, the director now owns 57,988 shares of the company’s stock, valued at approximately $5,530,895.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,872 shares of company stock valued at $3,601,300. 2.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HURN shares. Truist Financial reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Thursday, May 16th. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Huron Consulting Group in a research note on Thursday, May 23rd. Barrington Research restated an “outperform” rating and set a $133.00 price target on shares of Huron Consulting Group in a research note on Tuesday, May 28th. StockNews.com cut Huron Consulting Group from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Finally, Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.75.

Huron Consulting Group Stock Down 4.4 %

Shares of Huron Consulting Group stock traded down $4.96 during trading hours on Wednesday, reaching $107.97. 106,824 shares of the company were exchanged, compared to its average volume of 137,747. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $115.65. The stock’s fifty day moving average is $98.36 and its 200 day moving average is $97.51. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.40 and a current ratio of 2.40. The firm has a market cap of $1.94 billion, a PE ratio of 32.54 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.48 by $0.20. The firm had revenue of $371.70 million for the quarter, compared to analyst estimates of $374.33 million. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. Huron Consulting Group’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 earnings per share. As a group, equities research analysts forecast that Huron Consulting Group Inc. will post 5.83 earnings per share for the current year.

Huron Consulting Group 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.