Vise Technologies Inc. Makes New $488,000 Investment in Huron Consulting Group Inc. $HURN

Vise Technologies Inc. bought a new position in Huron Consulting Group Inc. (NASDAQ:HURN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,112 shares of the business services provider’s stock, valued at approximately $488,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Huron Consulting Group by 57.9% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 106 shares during the period. Sterling Capital Management LLC increased its position in Huron Consulting Group by 805.2% in the third quarter. Sterling Capital Management LLC now owns 525 shares of the business services provider’s stock worth $82,000 after buying an additional 467 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Huron Consulting Group in the second quarter worth $75,000. Fifth Third Bancorp bought a new stake in Huron Consulting Group in the first quarter valued at $122,000. Finally, Nykredit A S bought a new stake in Huron Consulting Group in the second quarter valued at $111,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HURN has been the topic of a number of analyst reports. Wall Street Zen cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Zacks Research cut shares of Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Evercore raised shares of Huron Consulting Group to an “outperform” rating in a report on Friday, October 23rd. Truist Financial upped their price objective on shares of Huron Consulting Group from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Finally, Wedbush increased their target price on shares of Huron Consulting Group from $160.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Huron Consulting Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.50.

Huron Consulting Group Price Performance

NASDAQ HURN opened at $167.18 on Friday. Huron Consulting Group Inc. has a 1 year low of $84.88 and a 1 year high of $203.37. The business’s fifty day moving average is $168.82 and its two-hundred day moving average is $138.59. The stock has a market capitalization of $2.64 billion, a P/E ratio of 18.73 and a beta of 0.09. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.60 and a current ratio of 1.60.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.15. Huron Consulting Group had a return on equity of 35.61% and a net margin of 6.10%. The firm had revenue of $491.45 million for the quarter, compared to analysts’ expectations of $481.38 million. During the same quarter last year, the business posted $2.10 EPS. Huron Consulting Group’s revenue was up 11.4% on a year-over-year basis. On average, research analysts forecast that Huron Consulting Group Inc. will post 9.26 earnings per share for the current fiscal year.

About Huron Consulting Group

Huron Consulting Group is a global professional services firm that advises organizations on business strategy, operations, technology and performance improvement. Founded in 2002 and headquartered in Chicago, the company serves clients in the United States and internationally. Huron organizes its work around healthcare, education and commercial markets. Its services include operational and financial consulting, digital transformation, technology implementation, data and analytics, and support with regulatory and organizational challenges.