Olympiad Research LP Purchases New Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Olympiad Research LP purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,748 shares of the business services provider’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HURN. Covestor Ltd grew its position in Huron Consulting Group by 26,500.0% in the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 265 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Huron Consulting Group in the second quarter valued at about $28,000. Daiwa Securities Group Inc. grew its position in Huron Consulting Group by 800.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 1,600 shares during the last quarter. Dakota Wealth Management bought a new position in Huron Consulting Group in the second quarter valued at about $219,000. Finally, Creative Planning grew its position in Huron Consulting Group by 10.5% in the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $103.13, for a total value of $412,520.00. Following the sale, the chief executive officer now directly owns 81,081 shares in the company, valued at $8,361,883.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the transaction, the director now directly owns 28,840 shares of the company’s stock, valued at approximately $3,122,506.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C. Mark Hussey sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the transaction, the chief executive officer now directly owns 81,081 shares in the company, valued at approximately $8,361,883.53. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,348 shares of company stock worth $783,392 over the last ninety days. Insiders own 2.02% of the company’s stock.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $127.66 on Friday. The stock has a market cap of $2.26 billion, a P/E ratio of 27.75 and a beta of 0.60. 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 stock’s 50-day moving average is $108.91 and its 200-day moving average is $101.74. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $131.06.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business had revenue of $370.00 million for the quarter, compared to analysts’ expectations of $377.63 million. During the same period in the prior year, the business posted $1.39 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Huron Consulting Group Inc. will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

HURN has been the topic of a number of recent analyst reports. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, Barrington Research boosted their price target on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $133.00.

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.