Jennison Associates LLC Has $62.39 Million Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Jennison Associates LLC lifted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 574,006 shares of the business services provider’s stock after buying an additional 31,123 shares during the quarter. Jennison Associates LLC’s holdings in Huron Consulting Group were worth $62,394,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Covestor Ltd lifted its holdings in Huron Consulting Group by 26,500.0% in the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after purchasing an additional 265 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Huron Consulting Group in the second quarter worth $28,000. Assetmark Inc. boosted its holdings in shares of Huron Consulting Group by 7.0% during the 3rd 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 period. Dakota Wealth Management acquired a new position in Huron Consulting Group in the 2nd quarter valued at $219,000. Finally, Creative Planning raised its holdings in Huron Consulting Group by 10.5% in the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after acquiring an additional 246 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Trading Up 0.2 %

Shares of HURN opened at $120.56 on Thursday. The stock’s 50-day moving average price is $111.91 and its 200 day moving average price is $103.86. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $131.06. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 26.21 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. The firm had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 earnings per share. As a group, research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HURN. 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. Barrington Research raised their target price 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 upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five investment 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.

Insiders Place Their Bets

In other news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the transaction, the director now directly owns 54,825 shares of the company’s stock, valued at $7,040,626.50. The trade was a 3.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total value of $114,078.16. Following the sale, the director now owns 29,882 shares in the company, valued at $3,271,481.36. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,126 shares of company stock worth $604,420 over the last quarter. Company insiders own 2.20% 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.