Huron Consulting Group (NASDAQ:HURN) Rating Reiterated by Barrington Research

Barrington Research restated their outperform rating on shares of Huron Consulting Group (NASDAQ:HURN) in a research report sent to investors on Monday, Benzinga reports. Barrington Research currently has a $133.00 target price on the business services provider’s stock. Barrington Research also issued estimates for Huron Consulting Group’s Q2 2024 earnings at $1.47 EPS, Q3 2024 earnings at $1.59 EPS, Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $5.85 EPS and FY2025 earnings at $6.80 EPS.

Several other equities analysts have also recently weighed in on the stock. Benchmark reiterated a buy rating and set a $140.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, May 1st. StockNews.com downgraded Huron Consulting Group from a buy rating to a hold rating in a research note on Wednesday, February 28th.

Huron Consulting Group Stock Performance

HURN opened at $87.09 on Monday. The business has a fifty day simple moving average of $94.14 and a 200-day simple moving average of $99.97. The firm has a market cap of $1.57 billion, a PE ratio of 25.10 and a beta of 0.59. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.13. Huron Consulting Group has a fifty-two week low of $76.17 and a fifty-two week high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The firm had revenue of $355.96 million for the quarter, compared to the consensus estimate of $348.80 million. During the same quarter in the previous year, the company earned $0.87 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that Huron Consulting Group will post 5.75 EPS for the current fiscal year.

Insider Activity

In related news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $90.06, for a total transaction of $27,018.00. Following the completion of the sale, the director now owns 56,319 shares of the company’s stock, valued at $5,072,089.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO C. Mark Hussey sold 4,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $104.48, for a total value of $417,920.00. Following the completion of the sale, the chief executive officer now directly owns 98,286 shares in the company, valued at $10,268,921.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $90.06, for a total value of $27,018.00. Following the transaction, the director now owns 56,319 shares in the company, valued at $5,072,089.14. The disclosure for this sale can be found here. Insiders have sold a total of 40,380 shares of company stock worth $3,966,654 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System lifted its stake in shares of Huron Consulting Group by 71.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,338 shares of the business services provider’s stock worth $902,000 after buying an additional 3,900 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Huron Consulting Group by 6.0% during the first quarter. ProShare Advisors LLC now owns 3,342 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 188 shares during the period. SG Americas Securities LLC lifted its position in shares of Huron Consulting Group by 518.6% during the 1st quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider’s stock worth $1,212,000 after purchasing an additional 10,512 shares during the last quarter. Quantbot Technologies LP boosted its stake in Huron Consulting Group by 28.9% during the 1st quarter. Quantbot Technologies LP now owns 9,444 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 2,116 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in Huron Consulting Group by 800.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock worth $174,000 after buying an additional 1,600 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.