Huron Consulting Group Inc. (NASDAQ:HURN) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,244 shares of the business services provider’s stock after buying an additional 3,346 shares during the period. Nordea Investment Management AB owned approximately 0.42% of Huron Consulting Group worth $9,321,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Huron Consulting Group by 4.7% in the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock valued at $41,308,000 after purchasing an additional 17,146 shares in the last quarter. Franklin Resources Inc. raised its holdings in Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after acquiring an additional 67,239 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new position in Huron Consulting Group during the 3rd quarter worth approximately $220,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Huron Consulting Group in the 3rd quarter valued at approximately $1,299,000. Finally, MML Investors Services LLC acquired a new stake in shares of Huron Consulting Group in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HURN. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, Barrington Research boosted their target price on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $133.00.

Insider Buying and Selling at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the sale, the director now owns 56,688 shares in the company, valued at $7,066,159.20. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the transaction, the director now owns 54,825 shares of the company’s stock, valued at approximately $7,040,626.50. The trade was a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,584 shares of company stock worth $815,217 in the last ninety days. 2.02% of the stock is owned by insiders.

Huron Consulting Group Price Performance

HURN opened at $125.68 on Friday. The company has a fifty day simple moving average of $122.81 and a 200 day simple moving average of $111.72. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 27.32 and a beta of 0.60. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The firm had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. Huron Consulting Group’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. Equities research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Huron Consulting Group Company 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.