Wakefield Asset Management LLLP Trims Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Wakefield Asset Management LLLP cut its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,420 shares of the business services provider’s stock after selling 109 shares during the period. Wakefield Asset Management LLLP owned 0.05% of Huron Consulting Group worth $928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Huron Consulting Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock worth $200,378,000 after purchasing an additional 25,905 shares during the period. Boston Partners raised its stake in shares of Huron Consulting Group by 36.6% in the first quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock worth $88,994,000 after buying an additional 247,218 shares during the period. Principal Financial Group Inc. lifted its position in shares of Huron Consulting Group by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock valued at $40,163,000 after buying an additional 5,304 shares in the last quarter. Leeward Investments LLC MA lifted its position in shares of Huron Consulting Group by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 222,630 shares of the business services provider’s stock valued at $21,929,000 after buying an additional 11,902 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Huron Consulting Group during the 4th quarter valued at approximately $14,460,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Down 2.6 %

HURN opened at $104.45 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 30.10 and a beta of 0.61. The firm has a 50-day simple moving average of $105.49 and a two-hundred day simple moving average of $98.02. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.99. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The company had revenue of $371.70 million during the quarter, compared to analyst estimates of $374.33 million. During the same period in the prior year, the company earned $1.38 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Analysts forecast that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the transaction, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the transaction, the chief executive officer now owns 85,081 shares in the company, valued at approximately $8,566,805.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mccartney sold 300 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $99.16, for a total value of $29,748.00. Following the sale, the director now owns 57,688 shares in the company, valued at approximately $5,720,342.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,698 shares of company stock worth $4,632,298. Insiders own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

HURN has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Barrington Research upped their target price on shares of Huron Consulting Group from $133.00 to $137.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Truist Financial reissued a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Thursday, May 16th. Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, July 31st. Finally, Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Huron Consulting Group in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Huron Consulting Group presently has a consensus rating of “Moderate Buy” and an average price target of $131.75.

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.