Huron Consulting Group’s (HURN) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Huron Consulting Group (NASDAQ:HURN) in a report issued on Thursday,Benzinga reports. Barrington Research currently has a $167.00 price target on the business services provider’s stock.

Several other brokerages also recently weighed in on HURN. Truist Financial increased their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Wedbush increased their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday. Finally, Benchmark reissued a “buy” rating and set a $165.00 price target on shares of Huron Consulting Group in a report on Wednesday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $169.25.

Huron Consulting Group Stock Down 0.3 %

Shares of NASDAQ:HURN opened at $142.30 on Thursday. The firm has a 50 day simple moving average of $136.15 and a 200-day simple moving average of $123.71. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $153.85. 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 company has a market capitalization of $2.52 billion, a PE ratio of 30.93 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. The business had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. On average, equities analysts predict that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the transaction, the chief executive officer now owns 81,118 shares of the company’s stock, valued at approximately $11,835,927.38. This trade represents a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were 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 in the company, valued at approximately $6,250,550.46. The trade was a 3.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,781 shares of company stock worth $11,722,822. 2.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several hedge funds have recently modified their holdings of HURN. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group during the 4th quarter valued at about $33,000. Tower Research Capital LLC TRC boosted its holdings in shares of Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 122 shares during the last quarter. Xponance Inc. acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth $204,000. Cibc World Markets Corp acquired a new position in Huron Consulting Group in the fourth quarter valued at $204,000. Finally, Two Sigma Securities LLC acquired a new stake in Huron Consulting Group during the fourth quarter worth about $209,000. 93.90% of the stock is owned by institutional investors and hedge funds.

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.