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

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $140.00 price target on the business services provider’s stock. Benchmark’s price objective indicates a potential upside of 20.50% from the stock’s current price.

A number of other research firms have also recently commented on HURN. StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $137.00 target price on shares of Huron Consulting Group in a report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.75.

Huron Consulting Group Trading Up 10.7 %

Shares of NASDAQ:HURN traded up $11.19 on Wednesday, reaching $116.18. 34,407 shares of the company traded hands, compared to its average volume of 124,048. Huron Consulting Group has a 52 week low of $84.26 and a 52 week high of $116.70. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99. The business’s 50-day simple moving average is $107.06 and its 200 day simple moving average is $100.45. The stock has a market capitalization of $2.09 billion, a P/E ratio of 32.93 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.58 by $0.10. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The firm had revenue of $370.00 million during the quarter, compared to the consensus estimate of $377.63 million. During the same period in the prior year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Huron Consulting Group will post 5.95 EPS for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, insider Kyle Featherstone sold 820 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the completion of the transaction, the insider now owns 1,565 shares in the company, valued at $169,129.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $102.61, for a total value of $106,919.62. Following the completion of the sale, the director now directly owns 30,924 shares of the company’s stock, valued at $3,173,111.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kyle Featherstone sold 820 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the completion of the transaction, the insider now owns 1,565 shares in the company, valued at $169,129.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,168 shares of company stock valued at $1,170,515. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of Huron Consulting Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wakefield Asset Management LLLP purchased a new position in Huron Consulting Group during the 1st quarter valued at about $921,000. Simplicity Wealth LLC bought a new stake in Huron Consulting Group during the second quarter valued at about $584,000. Vanguard Group Inc. grew its holdings in Huron Consulting Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock worth $200,378,000 after purchasing an additional 25,905 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Huron Consulting Group by 435.2% in the 2nd quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock worth $6,370,000 after purchasing an additional 52,589 shares in the last quarter. Finally, Covestor Ltd grew its stake in Huron Consulting Group by 26,500.0% during the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after buying an additional 265 shares during the last quarter. 93.90% of the stock is currently 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.