Huron Consulting Group Inc. (NASDAQ:HURN) Director H Eugene Lockhart Sells 1,042 Shares

Huron Consulting Group Inc. (NASDAQ:HURN) Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group 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 owns 26,756 shares in the company, valued at $3,285,904.36. This represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

H Eugene Lockhart also recently made the following trade(s):

• On Friday, November 1st, H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock. The stock was sold at an average price of $115.82, for a total value of $120,684.44.
• On Tuesday, October 1st, H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock. The stock was sold at an average price of $108.27, for a total value of $112,817.34.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $0.52 during mid-day trading on Wednesday, reaching $124.10. 10,358 shares of the stock were exchanged, compared to its average volume of 121,759. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $131.06. The company has a 50 day simple moving average of $114.73 and a 200-day simple moving average of $106.30. 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 stock has a market capitalization of $2.20 billion, a P/E ratio of 26.87 and a beta of 0.60.

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, beating the consensus estimate 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%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. Analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on HURN shares. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, October 30th. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Barrington Research upped their price target on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $133.00.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in Huron Consulting Group by 20.5% during the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after buying an additional 67,239 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in Huron Consulting Group during the third quarter worth $220,000. Teachers Retirement System of The State of Kentucky purchased a new position in Huron Consulting Group during the third quarter worth $1,299,000. MML Investors Services LLC purchased a new position in Huron Consulting Group during the third quarter worth $220,000. Finally, Orion Portfolio Solutions LLC purchased a new position in Huron Consulting Group during the third quarter worth $264,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.