Huron Consulting Group Inc. (NASDAQ:HURN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have received an average rating of “Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $169.25.

HURN has been the topic of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $167.00 price target on shares of Huron Consulting Group in a report on Thursday. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday. Wedbush increased their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday. Truist Financial raised their price objective 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, Benchmark reissued a “buy” rating and set a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday.

Insider Buying and Selling at Huron Consulting Group

In other news, 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 sale, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total transaction of $247,380.00. Following the sale, the director now owns 50,534 shares in the company, valued at $6,250,550.46. The trade was a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,781 shares of company stock valued at $11,722,822 over the last three months. 2.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

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

Huron Consulting Group Price Performance

Shares of HURN opened at $142.30 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of 30.93 and a beta of 0.53. The business’s fifty day moving average is $136.15 and its 200 day moving average is $123.71. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $153.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

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

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.