Victory Capital Management Inc. Purchases 1,019 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Victory Capital Management Inc. increased its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 13.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,711 shares of the business services provider’s stock after acquiring an additional 1,019 shares during the period. Victory Capital Management Inc.’s holdings in Huron Consulting Group were worth $1,250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Edgestream Partners L.P. bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at about $1,178,000. CWM LLC grew its position in shares of Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after buying an additional 146 shares during the last quarter. Xponance Inc. grew its position in shares of Huron Consulting Group by 18.3% in the 1st quarter. Xponance Inc. now owns 1,942 shares of the business services provider’s stock valued at $279,000 after buying an additional 300 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Huron Consulting Group by 15.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the business services provider’s stock valued at $157,000 after buying an additional 148 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Huron Consulting Group by 32.5% in the 1st quarter. Teacher Retirement System of Texas now owns 31,781 shares of the business services provider’s stock valued at $4,559,000 after buying an additional 7,788 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,040 shares of Huron Consulting Group stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the sale, the director owned 8,162 shares of the company’s stock, valued at approximately $1,116,071.88. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joy Brown sold 668 shares of Huron Consulting Group stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the sale, the director directly owned 8,896 shares of the company’s stock, valued at approximately $1,332,087.04. This trade represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,208 shares of company stock valued at $310,606. Company insiders own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HURN. Barrington Research upped their target price on Huron Consulting Group from $167.00 to $173.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Wall Street Zen lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $170.75.

Huron Consulting Group Stock Down 1.6%

Shares of NASDAQ HURN opened at $131.93 on Thursday. Huron Consulting Group Inc. has a one year low of $101.73 and a one year high of $155.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.08 and a quick ratio of 2.08. The business’s fifty day moving average price is $137.73 and its 200-day moving average price is $138.35. The stock has a market capitalization of $2.28 billion, a PE ratio of 19.78 and a beta of 0.28.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.52. Huron Consulting Group had a return on equity of 24.68% and a net margin of 7.88%. The firm had revenue of $404.14 million during the quarter, compared to analyst estimates of $389.27 million. During the same period last year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.