Robeco Institutional Asset Management B.V. acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,287 shares of the business services provider’s stock, valued at approximately $2,271,000. Robeco Institutional Asset Management B.V. owned approximately 0.17% of Huron Consulting Group at the end of the most recent reporting period.
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Other hedge funds have also recently bought and sold shares of the company. Castleark Management LLC acquired a new stake in shares of Huron Consulting Group in the second quarter valued at $4,304,000. Strs Ohio acquired a new stake in shares of Huron Consulting Group in the third quarter valued at $629,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Huron Consulting Group in the second quarter valued at $446,000. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Huron Consulting Group in the second quarter valued at $8,839,000. Finally, USA Financial Portformulas Corp increased its stake in shares of Huron Consulting Group by 39.6% in the third quarter. USA Financial Portformulas Corp now owns 3,876 shares of the business services provider’s stock valued at $257,000 after buying an additional 1,100 shares in the last quarter. 93.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Huron Consulting Group
In other news, Director H Eugene Lockhart sold 952 shares of Huron Consulting Group stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $80.06, for a total transaction of $76,217.12. Following the completion of the transaction, the director now directly owns 35,955 shares in the company, valued at approximately $2,878,557.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.02% of the stock is currently owned by corporate insiders.
Huron Consulting Group Stock Up 3.0 %
NASDAQ:HURN opened at $77.05 on Wednesday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 21.17 and a beta of 0.53. Huron Consulting Group Inc. has a twelve month low of $43.43 and a twelve month high of $82.87. The stock’s 50 day moving average price is $71.93 and its two-hundred day moving average price is $71.76. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.53.
Huron Consulting Group (NASDAQ:HURN – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The business services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.14. The firm had revenue of $313.71 million for the quarter, compared to analyst estimates of $282.40 million. Huron Consulting Group had a return on equity of 12.56% and a net margin of 6.52%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. Equities research analysts expect that Huron Consulting Group Inc. will post 4.03 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
HURN has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of Huron Consulting Group in a report on Wednesday, March 1st. Truist Financial lifted their target price on Huron Consulting Group from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, March 2nd. StockNews.com lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barrington Research lifted their target price on Huron Consulting Group from $89.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.
Huron Consulting Group Company Profile
Huron Consulting Group, Inc engages in the provision of technology, data, and analytics solutions. It operates through the following segments: Healthcare, Education, and Commercial. The Healthcare segment focuses on serving acute care providers including national and regional health systems, academic health systems, and community health systems, and public, children, and critical access hospitals, and non-acute care providers including physician practices and medical groups, payors, and long-term care or post-acute providers.
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