Huron Consulting Group (NASDAQ:HURN) Hits New 1-Year High – What’s Next?

Huron Consulting Group Inc. (NASDAQ:HURN) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $132.95 and last traded at $131.44, with a volume of 45577 shares changing hands. The stock had previously closed at $127.90.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HURN. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research lifted their price target on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group has a consensus rating of “Buy” and a consensus price target of $133.00.

Huron Consulting Group Stock Performance

The stock has a market capitalization of $2.35 billion, a P/E ratio of 28.70 and a beta of 0.60. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $124.02 and a 200-day moving average price of $114.69.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. Huron Consulting Group’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. On average, sell-side analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insiders Place Their Bets

In other news, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $115.82, for a total value of $120,684.44. Following the completion of the transaction, the director now owns 27,798 shares of the company’s stock, valued at $3,219,564.36. This represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the transaction, the director now directly owns 54,825 shares of the company’s stock, valued at approximately $7,040,626.50. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,584 shares of company stock worth $1,062,597 over the last quarter. 2.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huron Consulting Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group in the 4th quarter valued at approximately $33,000. Assetmark Inc. raised its holdings in shares of Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after buying an additional 90 shares during the period. MML Investors Services LLC purchased a new position in Huron Consulting Group during the 3rd quarter worth $220,000. Peapack Gladstone Financial Corp purchased a new position in Huron Consulting Group during the 3rd quarter worth $220,000. Finally, Dakota Wealth Management increased its holdings in Huron Consulting Group by 4.0% during the 4th quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider’s stock worth $280,000 after purchasing an additional 87 shares during the period. 93.90% of the stock is owned by institutional investors.

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.