Huron Consulting Group (NASDAQ:HURN) Shares Down 5% Following Insider Selling

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) fell 5% during mid-day trading on Friday following insider selling activity. The company traded as low as $141.11 and last traded at $141.13. 189,076 shares were traded during mid-day trading, an increase of 55% from the average session volume of 122,200 shares. The stock had previously closed at $148.55.

Specifically, Director James H. Roth sold 8,642 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total transaction of $1,289,991.34. Following the completion of the transaction, the director now owns 56,279 shares of the company’s stock, valued at $8,400,766.33. This represents a 13.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Ratings Changes

A number of research analysts recently weighed in on HURN shares. Barrington Research raised their target price on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Benchmark raised their price objective on Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Truist Financial lifted their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Wedbush began coverage on Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research report on Monday, March 10th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $155.50.

Huron Consulting Group Price Performance

The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 30.62 and a beta of 0.53. The company’s 50 day moving average is $134.50 and its 200-day moving average is $122.42.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. The company had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC lifted its stake in shares of Huron Consulting Group by 4.8% in the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after acquiring an additional 27,329 shares during the period. Wellington Management Group LLP lifted its position in shares of Huron Consulting Group by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock worth $67,503,000 after purchasing an additional 4,946 shares during the period. Sunriver Management LLC lifted its position in shares of Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after purchasing an additional 46,968 shares during the period. Franklin Resources Inc. increased its position in shares of Huron Consulting Group by 16.4% during the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after buying an additional 64,862 shares during the period. Finally, State Street Corp raised its stake in Huron Consulting Group by 2.1% during the third quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock worth $48,447,000 after buying an additional 8,972 shares during the last quarter. Institutional investors own 93.90% 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.