Huron Consulting Group Inc. (NASDAQ:HURN) Given Consensus Rating of “Buy” by Analysts

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have received a consensus recommendation of “Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $145.50.

Several research analysts recently issued reports on the stock. Wedbush initiated coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Benchmark boosted their price target on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Finally, Truist Financial restated a “buy” rating and issued a $165.00 price target (up from $140.00) on shares of Huron Consulting Group in a report on Wednesday.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $23.16 during trading on Wednesday, hitting $148.49. 279,943 shares of the company’s stock traded hands, compared to its average volume of 114,176. The company has a market cap of $2.63 billion, a PE ratio of 32.19 and a beta of 0.59. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $153.77. The firm’s fifty day moving average price is $125.75 and its 200 day moving average price is $117.37.

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. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $399.31 million during the quarter, compared to analysts’ expectations of $380.62 million. Analysts forecast that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $122.81, for a total transaction of $127,968.02. Following the completion of the sale, the director now directly owns 26,756 shares in the company, valued at $3,285,904.36. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total transaction of $252,060.00. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,584 shares of company stock worth $1,067,539. Insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Huron Consulting Group during the 4th quarter valued at $33,000. Tower Research Capital LLC TRC grew its stake in shares of Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after acquiring an additional 122 shares during the period. Assetmark Inc. increased its holdings in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after acquiring an additional 90 shares during the last quarter. Cibc World Markets Corp bought a new stake in Huron Consulting Group in the 4th quarter valued at about $204,000. Finally, Xponance Inc. purchased a new stake in Huron Consulting Group during the fourth quarter valued at about $204,000. 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.