Huron Consulting Group Inc. (NASDAQ:HURN) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 16.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 460,650 shares of the business services provider’s stock after purchasing an additional 64,862 shares during the period. Franklin Resources Inc.’s holdings in Huron Consulting Group were worth $57,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after buying an additional 121,371 shares during the last quarter. TI Trust Inc. acquired a new position in Huron Consulting Group in the fourth quarter worth $12,197,000. Norges Bank bought a new stake in Huron Consulting Group during the fourth quarter valued at $7,427,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Huron Consulting Group during the third quarter worth $6,336,000. Finally, Jennison Associates LLC lifted its position in shares of Huron Consulting Group by 4.8% in the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after buying an additional 27,329 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Huron Consulting Group news, Director James H. Roth sold 8,641 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total value of $1,230,305.58. Following the completion of the sale, the director now directly owns 47,638 shares in the company, valued at $6,782,698.44. This represents a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total value of $75,565.00. Following the transaction, the director now owns 55,688 shares in the company, valued at approximately $8,416,127.44. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,781 shares of company stock worth $11,731,832. 2.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Huron Consulting Group Stock Down 0.2 %

HURN opened at $147.51 on Friday. The stock’s 50 day moving average price is $137.67 and its 200 day moving average price is $124.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $2.61 billion, a P/E ratio of 32.07 and a beta of 0.53. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $153.85.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 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, research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

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.