TI Trust Inc. Acquires Shares of 98,156 Huron Consulting Group Inc. (NASDAQ:HURN)

TI Trust Inc. bought a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the fourth quarter, Holdings Channel.com reports. The firm bought 98,156 shares of the business services provider’s stock, valued at approximately $12,197,000. Huron Consulting Group comprises 8.2% of TI Trust Inc.’s investment portfolio, making the stock its largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HURN. Jennison Associates LLC boosted its stake in Huron Consulting Group by 5.7% during the third quarter. Jennison Associates LLC now owns 574,006 shares of the business services provider’s stock worth $62,394,000 after acquiring an additional 31,123 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Huron Consulting Group by 29.1% during the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after purchasing an additional 121,371 shares during the last quarter. State Street Corp boosted its position in shares of Huron Consulting Group by 2.1% in the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock worth $48,447,000 after purchasing an additional 8,972 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after buying an additional 67,239 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Huron Consulting Group by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock valued at $41,308,000 after buying an additional 17,146 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Trading Down 0.7 %

Huron Consulting Group stock opened at $125.07 on Monday. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $131.06. The business’s fifty day moving average is $123.54 and its 200 day moving average is $114.22. The stock has a market capitalization of $2.22 billion, a PE ratio of 27.19 and a beta of 0.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. During the same quarter last year, the firm posted $1.39 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insiders Place Their Bets

In related news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the transaction, the director now owns 56,688 shares of the company’s stock, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total transaction of $247,380.00. Following the sale, the director now owns 50,534 shares of the company’s stock, valued at $6,250,550.46. This trade represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,584 shares of company stock valued at $1,062,597. Company insiders own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HURN. Barrington Research boosted their target price on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $133.00.

Huron Consulting Group Company 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.