Barrington Research Increases Huron Consulting Group (NASDAQ:HURN) Price Target to $142.00

Huron Consulting Group (NASDAQ:HURN) had its price objective upped by investment analysts at Barrington Research from $137.00 to $142.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s target price indicates a potential upside of 18.02% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on HURN. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Huron Consulting Group currently has an average rating of “Buy” and an average target price of $133.00.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $120.32 on Monday. The firm’s fifty day moving average price is $108.09 and its two-hundred day moving average price is $101.37. Huron Consulting Group has a 1 year low of $84.26 and a 1 year high of $120.41. The firm has a market capitalization of $2.13 billion, a P/E ratio of 26.16 and a beta of 0.60. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. The business 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. As a group, research analysts anticipate that Huron Consulting Group will post 6.11 EPS for the current year.

Insiders Place Their Bets

In other news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Friday, November 1st. The stock was sold at an average price of $115.82, for a total value of $120,684.44. Following the transaction, the director now owns 27,798 shares in the company, valued at approximately $3,219,564.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $103.13, for a total transaction of $412,520.00. Following the completion of the transaction, the chief executive officer now owns 81,081 shares of the company’s stock, valued at approximately $8,361,883.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $115.82, for a total transaction of $120,684.44. Following the completion of the sale, the director now owns 27,798 shares in the company, valued at approximately $3,219,564.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,390 shares of company stock worth $890,312 over the last three months. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HURN. Boston Partners increased its holdings in shares of Huron Consulting Group by 36.6% during the first quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock worth $88,994,000 after buying an additional 247,218 shares in the last quarter. F M Investments LLC bought a new position in Huron Consulting Group in the second quarter valued at about $10,202,000. William Blair Investment Management LLC acquired a new stake in shares of Huron Consulting Group during the second quarter valued at about $9,533,000. Assenagon Asset Management S.A. grew its holdings in shares of Huron Consulting Group by 240.8% during the second quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider’s stock worth $13,426,000 after purchasing an additional 96,308 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in shares of Huron Consulting Group in the first quarter valued at approximately $5,614,000. Institutional investors own 93.90% of the company’s stock.

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.