Panagora Asset Management Inc. Has $8.35 Million Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Panagora Asset Management Inc. raised its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,731 shares of the business services provider’s stock after buying an additional 6,540 shares during the quarter. Panagora Asset Management Inc.’s holdings in Huron Consulting Group were worth $8,346,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Huron Consulting Group in the 4th quarter valued at approximately $25,000. Covestor Ltd increased its stake in Huron Consulting Group by 26,500.0% in the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after buying an additional 265 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Huron Consulting Group during the 4th quarter worth $42,000. Quest Partners LLC acquired a new position in shares of Huron Consulting Group during the 4th quarter worth $97,000. Finally, USA Financial Formulas increased its stake in shares of Huron Consulting Group by 3,273.3% during the 4th quarter. USA Financial Formulas now owns 1,012 shares of the business services provider’s stock worth $104,000 after purchasing an additional 982 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

NASDAQ HURN opened at $110.44 on Friday. The company has a current ratio of 1.93, a quick ratio of 2.40 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $104.52 and a 200 day simple moving average of $97.92. The company has a market cap of $1.99 billion, a P/E ratio of 31.83 and a beta of 0.61. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.20. The business had revenue of $371.70 million during the quarter, compared to the consensus estimate of $374.33 million. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. Huron Consulting Group’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 EPS. On average, sell-side analysts predict that Huron Consulting Group Inc. will post 5.94 EPS for the current year.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the sale, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the sale, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kyle Featherstone sold 820 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $108.07, for a total transaction of $88,617.40. Following the completion of the sale, the insider now directly owns 1,565 shares of the company’s stock, valued at $169,129.55. The disclosure for this sale can be found here. Insiders sold a total of 44,956 shares of company stock valued at $4,544,920 in the last ninety days. Company insiders own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HURN shares. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Huron Consulting Group in a research note on Thursday, May 23rd. Truist Financial restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Thursday, May 16th. StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Barrington Research increased their price target on shares of Huron Consulting Group from $133.00 to $137.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

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.