Huron Consulting Group Inc. (NASDAQ:HURN) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,971 shares of the business services provider’s stock after acquiring an additional 6,338 shares during the period. William Blair Investment Management LLC owned 1.45% of Huron Consulting Group worth $31,931,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group in the 4th quarter worth about $33,000. Cibc World Markets Corp acquired a new stake in Huron Consulting Group in the 4th quarter worth about $204,000. Aigen Investment Management LP acquired a new stake in Huron Consulting Group in the 4th quarter worth about $211,000. Avantax Advisory Services Inc. acquired a new stake in Huron Consulting Group in the 4th quarter worth about $213,000. Finally, MML Investors Services LLC acquired a new stake in Huron Consulting Group in the 3rd quarter worth about $220,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN opened at $148.39 on Wednesday. The company has a market cap of $2.62 billion, a P/E ratio of 32.26 and a beta of 0.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $153.85. The business’s 50-day simple moving average is $133.23 and its 200 day simple moving average is $121.74.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.52 by $0.38. The business had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. On average, sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Activity at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total transaction of $62,325.00. Following the sale, the director now directly owns 56,688 shares in the company, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their position. The sale 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 Huron Consulting Group stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total value of $247,380.00. Following the sale, the director now owns 50,534 shares in the company, valued at $6,250,550.46. This represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,498 shares of company stock worth $9,202,526. 2.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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