Northern Trust Corp Purchases 23,392 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Northern Trust Corp boosted its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 10.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 256,895 shares of the business services provider’s stock after acquiring an additional 23,392 shares during the quarter. Northern Trust Corp’s holdings in Huron Consulting Group were worth $31,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HURN. The Manufacturers Life Insurance Company raised its holdings in shares of Huron Consulting Group by 5.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 9,647 shares of the business services provider’s stock worth $1,199,000 after buying an additional 487 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Huron Consulting Group during the fourth quarter worth $362,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Huron Consulting Group during the fourth quarter valued at $1,777,000. Two Sigma Securities LLC bought a new position in shares of Huron Consulting Group in the fourth quarter worth about $209,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Huron Consulting Group by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,264 shares of the business services provider’s stock worth $2,394,000 after buying an additional 596 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total transaction of $75,565.00. Following the transaction, the director now directly owns 55,688 shares in the company, valued at $8,416,127.44. The trade was a 0.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C. Mark Hussey sold 27,672 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total value of $4,037,621.52. Following the transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at $11,835,927.38. This represents a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,239 shares of company stock valued at $11,168,801 in the last 90 days. Insiders own 2.15% of the company’s stock.

Huron Consulting Group Stock Down 1.2 %

Shares of NASDAQ HURN opened at $150.46 on Friday. Huron Consulting Group Inc. has a 12-month low of $84.87 and a 12-month high of $154.83. The stock’s fifty day simple moving average is $143.19 and its two-hundred day simple moving average is $131.28. The stock has a market capitalization of $2.60 billion, a PE ratio of 32.71 and a beta of 0.23. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.52. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. As a group, analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HURN shares. Benchmark restated a “buy” rating and issued a $165.00 target price on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Barrington Research increased their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. StockNews.com downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. 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 report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.