Jennison Associates LLC Purchases 31,123 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Jennison Associates LLC boosted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 5.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 574,006 shares of the business services provider’s stock after purchasing an additional 31,123 shares during the quarter. Jennison Associates LLC owned about 3.24% of Huron Consulting Group worth $62,394,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HURN. Covestor Ltd boosted its stake in Huron Consulting Group by 26,500.0% during the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 265 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Huron Consulting Group in the second quarter worth approximately $28,000. Assetmark Inc. boosted its holdings in shares of Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after buying an additional 90 shares during the last quarter. Dakota Wealth Management bought a new position in shares of Huron Consulting Group in the second quarter worth approximately $219,000. Finally, Creative Planning lifted its holdings in shares of Huron Consulting Group by 10.5% in the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after buying an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $120.56 on Thursday. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $131.06. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 26.21 and a beta of 0.60. The stock has a 50 day simple moving average of $111.91 and a 200-day simple moving average of $103.86. 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 (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. On average, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Buying and Selling

In other news, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the sale, the director now directly owns 54,825 shares of the company’s stock, valued at $7,040,626.50. This represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total transaction of $112,817.34. Following the completion of the transaction, the director now owns 28,840 shares in the company, valued at approximately $3,122,506.80. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,126 shares of company stock worth $604,420 over the last ninety days. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Barrington Research raised their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $133.00.

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.