Benchmark Reiterates “Buy” Rating for Huron Consulting Group (NASDAQ:HURN)

Huron Consulting Group (NASDAQ:HURNGet Free Report)‘s stock had its “buy” rating reissued by equities researchers at Benchmark in a report released on Monday, Benzinga reports. They currently have a $140.00 target price on the business services provider’s stock. Benchmark’s price target suggests a potential upside of 60.70% from the stock’s previous close.

Several other equities analysts have also commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $133.00 target price on shares of Huron Consulting Group in a report on Monday, May 6th. StockNews.com downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

Get Our Latest Report on Huron Consulting Group

Huron Consulting Group Price Performance

Shares of HURN opened at $87.12 on Monday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 25.11 and a beta of 0.59. Huron Consulting Group has a 52 week low of $77.99 and a 52 week high of $113.31. The stock has a 50 day moving average of $93.25 and a 200-day moving average of $99.67.

Huron Consulting Group (NASDAQ:HURNGet Free Report) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.35. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The firm had revenue of $355.96 million during the quarter, compared to analyst estimates of $348.80 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts forecast that Huron Consulting Group will post 5.82 EPS for the current year.

Insider Buying and Selling at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 1,765 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $100.12, for a total transaction of $176,711.80. Following the completion of the transaction, the chief executive officer now directly owns 121,728 shares in the company, valued at $12,187,407.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO C. Mark Hussey sold 1,765 shares of Huron Consulting Group stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $100.12, for a total transaction of $176,711.80. Following the sale, the chief executive officer now directly owns 121,728 shares in the company, valued at $12,187,407.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mccartney sold 300 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the sale, the director now directly owns 56,919 shares of the company’s stock, valued at approximately $5,585,461.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,380 shares of company stock worth $3,548,734. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Huron Consulting Group during the 3rd quarter valued at $228,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Huron Consulting Group by 19.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,675 shares of the business services provider’s stock worth $487,000 after acquiring an additional 756 shares in the last quarter. Assetmark Inc. raised its position in Huron Consulting Group by 28.6% in the third quarter. Assetmark Inc. now owns 1,098 shares of the business services provider’s stock worth $114,000 after acquiring an additional 244 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Huron Consulting Group by 7.3% during the 3rd quarter. Jennison Associates LLC now owns 885,714 shares of the business services provider’s stock valued at $92,256,000 after purchasing an additional 60,418 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in shares of Huron Consulting Group in the 3rd quarter worth approximately $3,577,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

(Get Free Report)

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.

Further Reading

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