Huron Consulting Group Inc. (NASDAQ:HURN) Director John Mccartney Sells 500 Shares

Huron Consulting Group Inc. (NASDAQ:HURN) Director John Mccartney sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the sale, the director now directly owns 56,688 shares of the company’s stock, valued at $7,066,159.20. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Huron Consulting Group Stock Down 2.9 %

NASDAQ:HURN opened at $121.09 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $2.15 billion, a PE ratio of 26.32 and a beta of 0.60. The company has a 50-day moving average of $122.27 and a 200 day moving average of $111.45. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $131.06.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating 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 company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. As a group, research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Natixis Advisors LLC purchased a new position in Huron Consulting Group in the second quarter valued at about $1,379,000. Victory Capital Management Inc. grew its position in shares of Huron Consulting Group by 435.2% in the 2nd quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock worth $6,370,000 after buying an additional 52,589 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of Huron Consulting Group by 98.0% during the 2nd quarter. Great Lakes Advisors LLC now owns 53,411 shares of the business services provider’s stock worth $5,261,000 after acquiring an additional 26,435 shares in the last quarter. Quest Partners LLC lifted its position in Huron Consulting Group by 35.2% during the second quarter. Quest Partners LLC now owns 5,956 shares of the business services provider’s stock valued at $587,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Huron Consulting Group in the second quarter valued at approximately $28,000. 93.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on HURN. Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Barrington Research boosted their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $133.00.

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.