Huron Consulting Group Inc. (NASDAQ:HURN) Receives Average Rating of “Buy” from Analysts

Huron Consulting Group Inc. (NASDAQ:HURN) has earned a consensus rating of “Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $169.25.

Several brokerages have weighed in on HURN. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday. Barrington Research restated an “outperform” rating and set a $167.00 price objective on shares of Huron Consulting Group in a research note on Thursday. Benchmark reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Huron Consulting Group in a report on Wednesday. Truist Financial raised their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, Wedbush upped their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the transaction, the chief executive officer now owns 81,118 shares of the company’s stock, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total value of $247,380.00. Following the sale, the director now directly owns 50,534 shares of the company’s stock, valued at approximately $6,250,550.46. This represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,140 shares of company stock valued at $10,492,517. 2.02% of the stock is owned by insiders.

Institutional Trading of Huron Consulting Group

Several institutional investors and hedge funds have recently bought and sold shares of HURN. Wellington Management Group LLP increased its position in shares of Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock worth $67,503,000 after acquiring an additional 4,946 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Huron Consulting Group by 3.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider’s stock worth $502,000 after purchasing an additional 121 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group during the 4th quarter valued at $33,000. Voloridge Investment Management LLC purchased a new stake in shares of Huron Consulting Group in the fourth quarter valued at $3,059,000. Finally, Squarepoint Ops LLC boosted its position in shares of Huron Consulting Group by 355.5% in the fourth quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider’s stock worth $2,218,000 after buying an additional 13,934 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Stock Up 0.1 %

Huron Consulting Group stock opened at $142.71 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group has a one year low of $84.26 and a one year high of $153.85. The company has a 50-day simple moving average of $135.84 and a 200-day simple moving average of $123.33. The firm has a market capitalization of $2.52 billion, a P/E ratio of 31.02 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate 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%. As a group, equities analysts expect that Huron Consulting Group will post 6.1 earnings per share for the current year.

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.