Intech Investment Management LLC Increases Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Intech Investment Management LLC boosted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 186.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,639 shares of the business services provider’s stock after buying an additional 5,619 shares during the quarter. Intech Investment Management LLC’s holdings in Huron Consulting Group were worth $1,073,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in Huron Consulting Group during the fourth quarter worth about $33,000. Cibc World Markets Corp purchased a new position in Huron Consulting Group during the fourth quarter worth about $204,000. Aigen Investment Management LP purchased a new position in Huron Consulting Group during the fourth quarter worth about $211,000. Avantax Advisory Services Inc. purchased a new position in shares of Huron Consulting Group in the fourth quarter valued at approximately $213,000. Finally, MML Investors Services LLC purchased a new position in shares of Huron Consulting Group in the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 27,672 shares of the business’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 completion of the transaction, the chief executive officer now owns 81,118 shares of the company’s stock, valued at approximately $11,835,927.38. The trade was a 25.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total transaction of $247,380.00. Following the transaction, the director now directly owns 50,534 shares of the company’s stock, valued at approximately $6,250,550.46. This represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,140 shares of company stock valued at $10,492,517. 2.02% of the stock is owned by insiders.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $140.87 on Friday. The firm’s 50-day simple moving average is $134.50 and its 200 day simple moving average is $122.42. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $153.85. The firm has a market capitalization of $2.49 billion, a PE ratio of 30.62 and a beta of 0.53. 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 (NASDAQ:HURN) last announced its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. On average, equities research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HURN has been the subject of several recent research reports. Wedbush initiated coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Truist Financial raised their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Barrington Research raised their price objective on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Benchmark lifted their target price on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $155.50.

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.