Huron Consulting Group (NASDAQ:HURN) Stock Price Expected to Rise, Barrington Research Analyst Says

Huron Consulting Group (NASDAQ:HURN) had its price target lifted by equities researchers at Barrington Research from $142.00 to $167.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 12.70% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Truist Financial reiterated a “buy” rating and set a $165.00 target price (up from $140.00) on shares of Huron Consulting Group in a research report on Wednesday. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush assumed coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. Benchmark upped their price target on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $151.75.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $148.18 on Thursday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 32.21 and a beta of 0.59. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $153.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The firm’s 50-day moving average is $126.33 and its two-hundred day moving average is $117.59.

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

Insider Buying and Selling

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $126.03, for a total transaction of $252,060.00. Following the completion of the sale, the director now directly owns 48,534 shares in the company, valued at $6,116,740.02. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $125.15, for a total transaction of $130,406.30. Following the completion of the sale, the director now directly owns 24,672 shares of the company’s stock, valued at $3,087,700.80. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,584 shares of company stock valued at $1,067,539. 2.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jennison Associates LLC grew its stake in shares of Huron Consulting Group by 4.8% in the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock valued at $74,722,000 after buying an additional 27,329 shares in the last quarter. Wellington Management Group LLP grew its position in Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock valued at $67,503,000 after acquiring an additional 4,946 shares in the last quarter. Sunriver Management LLC grew its position in Huron Consulting Group by 10.7% in the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock valued at $60,465,000 after acquiring an additional 46,968 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Huron Consulting Group by 16.4% during the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock valued at $57,240,000 after purchasing an additional 64,862 shares during the period. Finally, State Street Corp lifted its position in shares of Huron Consulting Group by 2.1% during the third quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock worth $48,447,000 after purchasing an additional 8,972 shares in the last quarter. Institutional investors and hedge funds 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.