Huron Consulting Group (NASDAQ:HURN) Receives “Buy” Rating from Benchmark

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy” rating reissued by Benchmark in a report issued on Wednesday,Benzinga reports. They currently have a $165.00 price objective on the business services provider’s stock. Benchmark’s target price would indicate a potential upside of 15.62% from the company’s previous close.

Several other analysts have also weighed in on HURN. Truist Financial increased their price target on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Barrington Research increased 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 note on Thursday, February 27th. Wedbush started coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They set an “outperform” rating for the company. Finally, William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group currently has an average rating of “Buy” and an average target price of $169.25.

Huron Consulting Group Price Performance

HURN stock opened at $142.71 on Wednesday. The company has a fifty day simple moving average of $135.84 and a two-hundred day simple moving average of $123.33. Huron Consulting Group has a 52 week low of $84.26 and a 52 week high of $153.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. 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 released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. Analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James H. Roth sold 8,642 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $149.27, for a total value of $1,289,991.34. Following the transaction, the director now directly owns 56,279 shares in the company, valued at approximately $8,400,766.33. This represents a 13.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $125.15, for a total transaction of $130,406.30. Following the sale, the director now owns 24,672 shares of the company’s stock, valued at $3,087,700.80. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,140 shares of company stock worth $10,492,517 over the last quarter. Company insiders own 2.02% of the company’s stock.

Institutional Trading of Huron Consulting Group

A number of large investors have recently modified their holdings of HURN. Wellington Management Group LLP increased its holdings in Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after purchasing an additional 121,371 shares during the period. TI Trust Inc. purchased a new position in shares of Huron Consulting Group during the fourth quarter valued at $12,197,000. Franklin Resources Inc. raised its holdings in shares of Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after acquiring an additional 67,239 shares in the last quarter. Norges Bank purchased a new stake in Huron Consulting Group in the fourth quarter worth about $7,427,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Huron Consulting Group in the third quarter worth about $6,336,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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.