Huron Consulting Group (NASDAQ:HURN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Huron Consulting Group (NASDAQ:HURN) from a sell rating to a hold rating in a report published on Saturday.

HURN has been the subject of a number of other reports. Barrington Research reissued an outperform rating and set a $133.00 target price on shares of Huron Consulting Group in a research note on Tuesday, May 28th. Benchmark restated a buy rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, July 31st. Wedbush reaffirmed an outperform rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Finally, Truist Financial reiterated a buy rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $131.75.

Huron Consulting Group Stock Down 1.9 %

Shares of NASDAQ:HURN opened at $102.68 on Friday. The company has a 50 day moving average price of $100.46 and a two-hundred day moving average price of $97.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.40 and a current ratio of 1.93. The company has a market capitalization of $1.85 billion, a PE ratio of 29.59 and a beta of 0.61. Huron Consulting Group has a 52 week low of $84.26 and a 52 week high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The business had revenue of $371.70 million during the quarter, compared to analysts’ expectations of $374.33 million. During the same quarter in the prior year, the company earned $1.38 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts forecast that Huron Consulting Group will post 5.94 earnings per share for the current year.

Insider Transactions at Huron Consulting Group

In related news, insider Kyle Featherstone sold 820 shares of Huron Consulting Group stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $108.07, for a total value of $88,617.40. Following the sale, the insider now owns 1,565 shares of the company’s stock, valued at $169,129.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO C. Mark Hussey sold 34,013 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the sale, the chief executive officer now directly owns 85,081 shares in the company, valued at approximately $8,566,805.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $108.07, for a total value of $88,617.40. Following the completion of the sale, the insider now directly owns 1,565 shares of the company’s stock, valued at $169,129.55. The disclosure for this sale can be found here. Insiders sold a total of 36,692 shares of company stock worth $3,689,918 in the last three months. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Several hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC increased its holdings in shares of Huron Consulting Group by 6.0% during the first quarter. ProShare Advisors LLC now owns 3,342 shares of the business services provider’s stock worth $323,000 after purchasing an additional 188 shares during the period. Blair William & Co. IL raised its holdings in Huron Consulting Group by 2.1% in the 1st quarter. Blair William & Co. IL now owns 10,512 shares of the business services provider’s stock valued at $1,016,000 after acquiring an additional 218 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Huron Consulting Group during the 4th quarter valued at $25,000. Covestor Ltd lifted its position in shares of Huron Consulting Group by 26,500.0% during the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 265 shares during the period. Finally, Diversified Trust Co grew its holdings in shares of Huron Consulting Group by 7.5% during the 2nd quarter. Diversified Trust Co now owns 5,452 shares of the business services provider’s stock worth $537,000 after purchasing an additional 380 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.