Federated Hermes Inc. Sells 2,689 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Federated Hermes Inc. reduced its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,810 shares of the business services provider’s stock after selling 2,689 shares during the period. Federated Hermes Inc. owned 0.45% of Huron Consulting Group worth $8,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jump Financial LLC bought a new stake in shares of Huron Consulting Group during the 3rd quarter worth approximately $583,000. Acadian Asset Management LLC acquired a new position in Huron Consulting Group during the third quarter worth $872,000. American Century Companies Inc. raised its position in Huron Consulting Group by 36.0% during the third quarter. American Century Companies Inc. now owns 233,224 shares of the business services provider’s stock worth $24,293,000 after acquiring an additional 61,777 shares in the last quarter. Vanguard Group Inc. lifted its stake in Huron Consulting Group by 6.7% in the third quarter. Vanguard Group Inc. now owns 2,053,491 shares of the business services provider’s stock valued at $213,892,000 after acquiring an additional 128,274 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Huron Consulting Group by 11.1% in the 3rd quarter. Deutsche Bank AG now owns 10,856 shares of the business services provider’s stock valued at $1,131,000 after acquiring an additional 1,083 shares during the period. 93.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HURN shares. StockNews.com downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Barrington Research lifted their price objective on shares of Huron Consulting Group from $128.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th.

Huron Consulting Group Stock Performance

Shares of HURN opened at $93.44 on Thursday. The firm has a 50-day moving average of $97.41 and a 200-day moving average of $100.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $1.73 billion, a PE ratio of 29.20 and a beta of 0.58. Huron Consulting Group Inc. has a one year low of $70.66 and a one year high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The company had revenue of $339.23 million during the quarter, compared to analysts’ expectations of $341.71 million. Huron Consulting Group had a net margin of 4.47% and a return on equity of 17.77%. Huron Consulting Group’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 EPS. As a group, equities analysts forecast that Huron Consulting Group Inc. will post 5.64 earnings per share for the current year.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 300 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $96.38, for a total value of $28,914.00. Following the transaction, the director now directly owns 56,619 shares in the company, valued at $5,456,939.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director John Mccartney sold 300 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $96.38, for a total transaction of $28,914.00. Following the sale, the director now owns 56,619 shares of the company’s stock, valued at $5,456,939.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $103.22, for a total value of $206,440.00. Following the transaction, the director now owns 68,040 shares in the company, valued at approximately $7,023,088.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,080 shares of company stock worth $4,146,076. 2.20% of the stock is owned by insiders.

Huron Consulting Group 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.