Asset Management One Co. Ltd. has reported that it reduced its stake in Huron Consulting Group Inc., a provider of technology, data, and analytics solutions, by 3.1% during the fourth quarter of 2022. According to the latest Form 13F filing with the SEC, the fund owned 70,945 shares of Huron Consulting Group’s stock, amounting to approximately 0.36% of the company’s total worth at $5.16 million.
Huron Consulting Group, Inc operates in three segments: Healthcare, Education, and Commercial. The Healthcare segment caters primarily to acute-care providers that include national and regional health systems, academic health systems, community health systems as well as public hospitals, children’s hospitals and critical access hospitals.
Despite trimming their stake in Huron Consulting Group Incorporated last year; Asset Management One still held a significant position in one of America’s leading professional services firms at the time of the most recent SEC filing on December 31st.
The NASDAQ opened at $84.79 on May 1st for Huron Consulting Group Inc., which has a market capitalization of $1.63 billion with a price-to-earnings ratio standing at an impressive 23.29%. The company also exhibits low volatility characteristics with its beta rating computed at just 0.56.
Over the past year, Huron Consulting Group’s share price has seen a range between $49.68 and $85.69 per share; as such representing opportunities for investors looking to grow their portfolios through short-term or long term investments into professional service delivery companies like HURN.
Furthermore , it is notable that despite pressures due to ongoing changes within healthcare IT provision regulations announced earlier this year ,Huron consulting remains undeterred in its efforts . With engagement from multiple parties to offer innovative solutions towards streamlining healthcare IT operations ; we are very likely looking at sustainable successes down the line for HURN.
In conclusion, with a reputable track record of delivering value to their client base in healthcare, education, and commercial sectors, Huron Consulting Group, Inc is a strong player in the data and analytics industry. The significant stake held by Asset Management One Co. Ltd. speaks volumes of the attractiveness of Huron Consulting Group as an investment opportunity. Nonetheless, given the constantly changing economic and regulatory environment that this sector faces year on year – it remains important to always conduct proper due diligence into companies before deciding to make an investment.
Hedge Funds Increase Positions in Huron Consulting Group as Company Continues to Deliver Strong Financial Results and Focus on Healthcare Technology
Huron Consulting Group is a business services provider that focuses on technology, data, and analytics solutions for its clients. The company operates under three segments – Healthcare, Education, and Commercial – with healthcare being its main area of focus. Huron Consulting Group has been in the news recently due to several hedge funds making significant changes to their positions in its stock.
SG Americas Securities LLC raised its position in Huron Consulting Group by 187.1% during the fourth quarter. It now owns 9,367 shares of the company’s stock worth $680,000 after acquiring an additional 6,104 shares during the last quarter. State of New Jersey Common Pension Fund D also bought a new position in Huron Consulting Group during the fourth quarter worth about $2,256,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position by 24.8% during the same quarter and now owns 3,897 shares of the company’s stock worth $283,000 after acquiring an additional 774 shares.
Moreover, New York State Common Retirement Fund increased its position by 5.4% during the fourth quarter while Eagle Bay Advisors LLC raised its holding by 17.9%. This brings institutional investors’ ownership of Huron Consulting Group’s stock to 93.71%.
The company has been given various ratings by equities research analysts; Benchmark reiterated a “buy” rating and gave it a target price of $95 (up from $90), while Truist Financial lifted their target price from $85 to $100 and gave it a “buy” rating.
Barrington Research also gave Huron Consulting Group an “outperform” rating and raised their target price from $89 to $105. However, StockNews.com downgraded the company from a buy rating to hold in March.
In terms of financials for Q1 2023, Huron Consulting Group beat expectations with a quarterly EPS of $1.12. This is considerably higher than the consensus estimate of $0.98. The business services provider generated a revenue of $313.71 million, significantly more than the consensus estimate of $282.40 million.
This news comes after Director H Eugene Lockhart sold 952 shares of Huron Consulting Group stock in March for a total transaction of $76,217.12.
Despite Lockhart’s sale, corporate insiders still own 2.02% of the company’s stock, indicating there could be potential growth opportunities for investors.
In conclusion, Huron Consulting Group has proven to be a promising investment opportunity over recent years, with its strong financial performance and growing market presence. Its focus on technology and data analytics for healthcare providers positions it well in an industry that is seeing increasing demand for these services due to continued advancements in medical technology and the rising prevalence of chronic diseases worldwide.
Source: beststocks.com
