Daiwa Securities Group Inc. Buys 1,600 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Daiwa Securities Group Inc. grew its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 800.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the business services provider’s stock after acquiring an additional 1,600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Huron Consulting Group were worth $174,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Principal Securities Inc. bought a new stake in Huron Consulting Group in the fourth quarter worth $25,000. Franklin Resources Inc. boosted its holdings in Huron Consulting Group by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 9,927 shares of the business services provider’s stock worth $1,020,000 after acquiring an additional 396 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Huron Consulting Group during the fourth quarter valued at $42,000. Assetmark Inc. lifted its holdings in shares of Huron Consulting Group by 40.6% during the fourth quarter. Assetmark Inc. now owns 1,544 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 446 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its holdings in shares of Huron Consulting Group by 6.4% during the fourth quarter. Oliver Luxxe Assets LLC now owns 8,443 shares of the business services provider’s stock valued at $868,000 after purchasing an additional 507 shares in the last quarter. 93.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Thursday, May 16th. Barrington Research reaffirmed an “outperform” rating and set a $133.00 price target on shares of Huron Consulting Group in a report on Tuesday, May 28th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Huron Consulting Group in a report on Thursday, May 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Monday, July 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.75.

Insider Activity

In other news, Director John Mccartney sold 1,259 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $95.38, for a total value of $120,083.42. Following the completion of the sale, the director now directly owns 57,988 shares of the company’s stock, valued at approximately $5,530,895.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,159 shares of company stock valued at $203,549 in the last ninety days. Insiders own 2.02% of the company’s stock.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock opened at $102.10 on Friday. The stock has a 50 day moving average of $93.04 and a 200 day moving average of $96.94. Huron Consulting Group Inc. has a 12 month low of $77.99 and a 12 month high of $113.31. The firm has a market cap of $1.84 billion, a PE ratio of 29.42 and a beta of 0.61. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.13.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The company had revenue of $355.96 million during the quarter, compared to analyst estimates of $348.80 million. During the same period in the prior year, the company earned $0.87 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. On average, research analysts expect that Huron Consulting Group Inc. will post 5.83 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.