C. Mark Hussey Sells 27,672 Shares of Huron Consulting Group Inc. (NASDAQ:HURN) Stock

Huron Consulting Group Inc. (NASDAQ:HURN) CEO C. Mark Hussey sold 27,672 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now directly owns 81,118 shares of the company’s stock, valued at $11,835,927.38. The trade was a 25.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Huron Consulting Group Trading Down 2.1 %

Huron Consulting Group stock traded down $3.12 during trading on Thursday, hitting $144.77. The company’s stock had a trading volume of 35,361 shares, compared to its average volume of 119,142. The stock’s fifty day moving average is $129.11 and its 200 day moving average is $119.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 31.57 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. The company had revenue of $399.31 million during the quarter, compared to the consensus estimate 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, equities research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Institutional Trading of Huron Consulting Group

Several institutional investors have recently added to or reduced their stakes in HURN. Wellington Management Group LLP lifted its position in shares of 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 purchasing an additional 121,371 shares during the last quarter. TI Trust Inc. acquired a new position in shares of Huron Consulting Group in the 4th quarter worth approximately $12,197,000. Franklin Resources Inc. increased its holdings in shares of Huron Consulting Group by 20.5% in the 3rd 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 during the last quarter. Norges Bank bought a new position in Huron Consulting Group during the fourth quarter worth $7,427,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Huron Consulting Group during the third quarter worth approximately $6,336,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HURN. Benchmark boosted their target price 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. Truist Financial increased 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. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, February 26th. Wedbush started coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Finally, Barrington Research raised their price target on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $155.50.

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.