Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells $1,230,305.58 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth sold 8,641 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total value of $1,230,305.58. Following the transaction, the director now directly owns 47,638 shares of the company’s stock, valued at approximately $6,782,698.44. This represents a 15.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Huron Consulting Group Price Performance

Shares of HURN opened at $142.30 on Monday. The firm has a fifty day moving average price of $136.15 and a 200 day moving average price of $123.85. The stock has a market cap of $2.52 billion, a PE ratio of 30.93 and a beta of 0.53. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year 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.

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. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. As a group, sell-side analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jennison Associates LLC boosted its stake in shares of Huron Consulting Group by 4.8% during the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after buying an additional 27,329 shares during the period. Wellington Management Group LLP lifted its position in Huron Consulting Group by 0.9% during the 4th 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 during the period. Sunriver Management LLC grew its stake in shares of Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock valued at $60,465,000 after purchasing an additional 46,968 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Huron Consulting Group by 16.4% in the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock valued at $57,240,000 after purchasing an additional 64,862 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Huron Consulting Group by 2.1% in the third quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after purchasing an additional 8,972 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on HURN. Wedbush boosted their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Benchmark restated a “buy” rating and issued a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Truist Financial upped their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Barrington Research reissued an “outperform” rating and set a $167.00 target price on shares of Huron Consulting Group in a research report on Thursday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $169.25.

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.