Deutsche Bank AG Trims Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Deutsche Bank AG cut its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 43.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,359 shares of the business services provider’s stock after selling 37,163 shares during the period. Deutsche Bank AG’s holdings in Huron Consulting Group were worth $6,009,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. TI Trust Inc. purchased a new position in Huron Consulting Group in the 4th quarter worth about $12,197,000. Franklin Resources Inc. grew its stake in Huron Consulting Group by 16.4% in the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after acquiring an additional 64,862 shares in the last quarter. Norges Bank purchased a new position in shares of Huron Consulting Group during the fourth quarter worth approximately $7,427,000. Sunriver Management LLC raised its stake in shares of Huron Consulting Group by 10.7% during the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock valued at $60,465,000 after acquiring an additional 46,968 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Huron Consulting Group by 4.8% in the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock valued at $74,722,000 after purchasing an additional 27,329 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Trading Up 3.3%

Shares of NASDAQ:HURN opened at $152.93 on Monday. The company has a market capitalization of $2.64 billion, a PE ratio of 33.25 and a beta of 0.23. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a 12-month low of $84.87 and a 12-month high of $155.00. The business’s fifty day simple moving average is $143.56 and its 200-day simple moving average is $132.91.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.52. The company had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. As a group, equities research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HURN has been the topic of several research analyst reports. Truist Financial increased their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. StockNews.com lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Barrington Research lifted their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Wedbush increased their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. Finally, William Blair restated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.75.

Insider Transactions at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the completion of the sale, the director now owns 55,688 shares of the company’s stock, valued at $8,416,127.44. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the transaction, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. This trade represents a 25.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,239 shares of company stock valued at $11,168,801 in the last 90 days. Insiders own 2.15% 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.