Congress Asset Management Co. Sells 714 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Congress Asset Management Co. lessened its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 72,574 shares of the business services provider’s stock after selling 714 shares during the period. Congress Asset Management Co. owned about 0.40% of Huron Consulting Group worth $7,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HURN. Covestor Ltd lifted its holdings in Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after buying an additional 265 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Huron Consulting Group during the 2nd quarter worth $28,000. Daiwa Securities Group Inc. boosted its position in Huron Consulting Group by 800.0% during the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 1,600 shares in the last quarter. Dakota Wealth Management purchased a new position in Huron Consulting Group in the second quarter valued at about $219,000. Finally, Creative Planning grew its stake in Huron Consulting Group by 10.5% in the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 246 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock opened at $115.73 on Friday. The company has a 50 day moving average price of $107.27 and a 200 day moving average price of $100.56. The firm has a market capitalization of $2.05 billion, a P/E ratio of 25.16 and a beta of 0.61. The company has a quick ratio of 1.93, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $118.10.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping 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 business had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $377.63 million. During the same quarter last year, the company posted $1.39 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect that Huron Consulting Group Inc. will post 6.11 EPS for the current year.

Analysts Set New Price Targets

HURN has been the topic of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $137.00 price target on shares of Huron Consulting Group in a report on Monday, September 9th. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Benchmark reaffirmed a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research report on Wednesday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $131.75.

Insider Activity

In related news, CEO C. Mark Hussey sold 4,000 shares of Huron Consulting Group stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $103.13, for a total transaction of $412,520.00. Following the completion of the sale, the chief executive officer now owns 81,081 shares of the company’s stock, valued at $8,361,883.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO C. Mark Hussey sold 4,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $103.13, for a total transaction of $412,520.00. Following the completion of the transaction, the chief executive officer now owns 81,081 shares of the company’s stock, valued at $8,361,883.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hugh E. Sawyer III sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $104.09, for a total transaction of $312,270.00. Following the completion of the sale, the director now directly owns 23,802 shares in the company, valued at approximately $2,477,550.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,348 shares of company stock valued at $1,081,897. Company insiders own 2.02% of the company’s stock.

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.