Huron Consulting Group Inc. (NASDAQ:HURN) Given Average Rating of “Buy” by Brokerages

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $169.25.

Several research firms recently commented on HURN. Barrington Research reiterated an “outperform” rating and issued a $167.00 target price on shares of Huron Consulting Group in a research note on Thursday. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Wedbush boosted their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday. Finally, Truist Financial boosted their price objective 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.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were 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 in the company, valued at $11,835,927.38. The trade was a 25.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Mccartney sold 500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the sale, the director now 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 disclosure for this sale can be found here. In the last three months, insiders sold 72,140 shares of company stock worth $10,492,517. Corporate insiders own 2.02% of the company’s stock.

Institutional Trading of Huron Consulting Group

Several institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC raised its position in shares of Huron Consulting Group by 32.7% during the 3rd quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider’s stock valued at $2,019,000 after acquiring an additional 4,576 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Huron Consulting Group during the third quarter valued at $457,000. Intech Investment Management LLC acquired a new stake in shares of Huron Consulting Group during the third quarter worth $328,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Huron Consulting Group in the 3rd quarter worth about $879,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Huron Consulting Group by 6,174.4% in the 3rd quarter. Quantbot Technologies LP now owns 10,541 shares of the business services provider’s stock valued at $1,146,000 after buying an additional 10,373 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $142.71 on Friday. The stock has a market capitalization of $2.52 billion, a P/E ratio of 31.02 and a beta of 0.53. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $153.85. 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’s 50-day moving average is $135.84 and its two-hundred day moving average is $123.33.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. The firm 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 analysts predict that Huron Consulting Group will post 6.1 earnings per share for the current year.

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.