Huron Consulting Group Inc. (NASDAQ:HURN) Shares Acquired by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. boosted its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 42.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,845 shares of the business services provider’s stock after purchasing an additional 16,660 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.31% of Huron Consulting Group worth $6,939,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in 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 purchasing an additional 67,239 shares during the last quarter. Principal Financial Group Inc. increased its stake in Huron Consulting Group by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock worth $41,308,000 after buying an additional 17,146 shares during the period. Nordea Investment Management AB raised its stake in shares of Huron Consulting Group by 4.7% in the fourth quarter. Nordea Investment Management AB now owns 74,244 shares of the business services provider’s stock valued at $9,321,000 after acquiring an additional 3,346 shares in the last quarter. Diversified Trust Co grew its position in shares of Huron Consulting Group by 9.1% during the fourth quarter. Diversified Trust Co now owns 5,907 shares of the business services provider’s stock worth $734,000 after buying an additional 493 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Huron Consulting Group by 8.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 8,551 shares of the business services provider’s stock valued at $1,063,000 after purchasing an additional 695 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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 that occurred 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 sale, the director now directly owns 12,172 shares in the company, valued at $1,825,800. This represents a 50.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Mccartney sold 500 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $133.63, for a total transaction of $66,815.00. Following the completion of the sale, the director now owns 51,621 shares in the company, valued at approximately $6,898,114.23. This trade represents a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,239 shares of company stock worth $11,168,801. 2.15% of the stock is owned by company insiders.

Huron Consulting Group Trading Up 1.0 %

Shares of NASDAQ HURN opened at $152.26 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a 52-week low of $84.87 and a 52-week high of $154.83. The stock’s 50 day moving average price is $143.13 and its two-hundred day moving average price is $130.81. The stock has a market capitalization of $2.63 billion, a P/E ratio of 33.10 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.16 by $0.52. The business had revenue of $404.14 million during the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 EPS. On average, analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on HURN shares. 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 report on Monday. Truist Financial upped their target price 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. Benchmark restated a “buy” rating and set a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Wedbush lifted their price objective 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. Finally, William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.