Congress Asset Management Co. Trims Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Congress Asset Management Co. lowered its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 6.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 74,302 shares of the business services provider’s stock after selling 4,793 shares during the quarter. Congress Asset Management Co. owned about 0.41% of Huron Consulting Group worth $10,659,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Huron Consulting Group by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock worth $67,503,000 after purchasing an additional 4,946 shares during the period. Sunriver Management LLC raised its position in Huron Consulting Group by 10.7% during the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after buying an additional 46,968 shares during the last quarter. Franklin Resources Inc. lifted its stake in Huron Consulting Group by 16.4% during the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock valued at $57,240,000 after acquiring an additional 64,862 shares during the period. William Blair Investment Management LLC lifted its stake in Huron Consulting Group by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider’s stock valued at $31,931,000 after acquiring an additional 6,338 shares during the period. Finally, Northern Trust Corp lifted its stake in Huron Consulting Group by 10.0% during the 4th quarter. Northern Trust Corp now owns 256,895 shares of the business services provider’s stock valued at $31,922,000 after acquiring an additional 23,392 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

HURN opened at $142.98 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a fifty day moving average price of $144.05 and a 200 day moving average price of $135.30. Huron Consulting Group Inc. has a 1 year low of $94.00 and a 1 year high of $155.00. The stock has a market cap of $2.47 billion, a P/E ratio of 31.08 and a beta of 0.30.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wedbush lifted their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Truist Financial lifted their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Benchmark restated a “buy” rating and set a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Barrington Research lifted their price objective on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. 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 MarketBeat.com, Huron Consulting Group presently has a consensus rating of “Moderate Buy” and an average price target of $170.75.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total transaction of $100,026.32. Following the completion of the transaction, the director now directly owns 8,896 shares in the company, valued at approximately $1,332,087.04. This represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 8,642 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total transaction of $1,289,991.34. Following the transaction, the director now owns 56,279 shares of the company’s stock, valued at $8,400,766.33. This represents a 13.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,593 shares of company stock worth $4,002,316 in the last three months. Company insiders own 2.15% of the company’s stock.

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.