Wellington Management Group LLP Grows Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Wellington Management Group LLP raised its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 543,236 shares of the business services provider’s stock after purchasing an additional 4,946 shares during the period. Wellington Management Group LLP owned 3.06% of Huron Consulting Group worth $67,503,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC raised its position in shares of Huron Consulting Group by 32.4% in the 3rd quarter. FMR LLC now owns 21,394 shares of the business services provider’s stock worth $2,326,000 after buying an additional 5,230 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Huron Consulting Group in the 3rd quarter worth about $6,336,000. State Street Corp lifted its stake 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 valued at $48,447,000 after purchasing an additional 8,972 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Huron Consulting Group during the 3rd quarter worth about $264,000. Finally, MML Investors Services LLC acquired a new stake in Huron Consulting Group during the 3rd quarter worth approximately $220,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Trading Down 6.6 %

NASDAQ:HURN opened at $137.76 on Friday. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 29.95 and a beta of 0.53. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $153.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The business’s 50-day simple moving average is $137.92 and its 200 day simple moving average is $124.92.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wedbush boosted their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. Benchmark reiterated a “buy” rating and issued a $165.00 price target on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research restated an “outperform” rating and set a $167.00 price objective on shares of Huron Consulting Group in a research note on Thursday, March 27th. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Truist Financial boosted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $169.25.

Insider Buying and Selling at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $125.15, for a total value of $130,406.30. Following the sale, the director now owns 24,672 shares in the company, valued at approximately $3,087,700.80. This represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Mccartney sold 500 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $151.13, for a total transaction of $75,565.00. Following the transaction, the director now directly owns 55,688 shares in the company, valued at $8,416,127.44. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,781 shares of company stock worth $11,731,832 in the last ninety days. 2.02% of the stock is owned by insiders.

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.