Huron Consulting Group (NASDAQ:HURN) Price Target Raised to $165.00 at Benchmark

Huron Consulting Group (NASDAQ:HURN) had its price objective upped by Benchmark from $140.00 to $165.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other research analysts also recently weighed in on HURN. Truist Financial reissued a “buy” rating and issued a $165.00 target price (up previously from $140.00) on shares of Huron Consulting Group in a report on Wednesday. Wedbush began coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Barrington Research raised their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $145.50.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $148.18 on Wednesday. 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 company has a 50 day moving average price of $126.33 and a 200-day moving average price of $117.59. Huron Consulting Group has a 52 week low of $84.26 and a 52 week high of $153.77. The firm has a market capitalization of $2.63 billion, a PE ratio of 32.21 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. The business 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 expect that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Activity

In other news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $122.81, for a total value of $127,968.02. Following the completion of the sale, the director now directly owns 26,756 shares of the company’s stock, valued at $3,285,904.36. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total transaction of $247,400.00. Following the transaction, the director now owns 52,825 shares in the company, valued at approximately $6,534,452.50. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,584 shares of company stock valued at $1,067,539 in the last ninety days. Corporate insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors have recently bought and sold shares of the business. Quest Partners LLC boosted its stake in shares of Huron Consulting Group by 131.9% in the third quarter. Quest Partners LLC now owns 13,814 shares of the business services provider’s stock worth $1,502,000 after acquiring an additional 7,858 shares during the period. Wellington Management Group LLP lifted its holdings in Huron Consulting Group by 29.1% in the 3rd 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 in the last quarter. Franklin Resources Inc. boosted its stake in 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 worth $42,306,000 after purchasing an additional 67,239 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Huron Consulting Group by 61.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider’s stock valued at $1,488,000 after buying an additional 4,550 shares in the last quarter. Finally, Atom Investors LP bought a new stake in shares of Huron Consulting Group during the third quarter valued at approximately $1,159,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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.