Huron Consulting Group (NASDAQ:HURN) Trading Down 5% Following Insider Selling

Huron Consulting Group Inc. (NASDAQ:HURN) shares were down 5% during trading on Friday following insider selling activity. The company traded as low as $141.11 and last traded at $141.13. Approximately 189,076 shares were traded during trading, an increase of 55% from the average daily volume of 122,200 shares. The stock had previously closed at $148.55.

Specifically, Director James H. Roth sold 8,642 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total value of $1,289,991.34. Following the completion of the sale, the director now owns 56,279 shares of the company’s stock, valued at approximately $8,400,766.33. This trade represents a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HURN. Wedbush began coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Benchmark raised their price objective on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Barrington Research lifted their price objective on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Truist Financial upped their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Monday, March 10th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $155.50.

Huron Consulting Group Stock Down 5.2 %

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 stock has a market capitalization of $2.49 billion, a PE ratio of 30.62 and a beta of 0.53. The stock’s fifty day simple moving average is $134.50 and its 200-day simple moving average is $122.42.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. The business had revenue of $399.31 million for the quarter, compared to analysts’ expectations of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. As a group, sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Huron Consulting Group

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Huron Consulting Group by 29.1% during the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after acquiring an additional 121,371 shares during the period. TI Trust Inc. purchased a new position in shares of Huron Consulting Group in the 4th quarter worth about $12,197,000. Franklin Resources Inc. grew its position in Huron Consulting Group by 20.5% during the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after buying an additional 67,239 shares during the period. Norges Bank purchased a new stake in Huron Consulting Group during the fourth quarter worth about $7,427,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Huron Consulting Group in the third quarter worth about $6,336,000. 93.90% of the stock is owned by institutional investors.

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.