Huron Consulting Group (NASDAQ:HURN) Earns Buy Rating from Benchmark

Benchmark restated their buy rating on shares of Huron Consulting Group (NASDAQ:HURN) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a $140.00 target price on the business services provider’s stock.

Other analysts have also issued research reports about the stock. Barrington Research raised their target price on shares of Huron Consulting Group from $128.00 to $133.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. StockNews.com downgraded Huron Consulting Group from a buy rating to a hold rating in a report on Wednesday, February 28th.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $86.32 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.32 and a current ratio of 2.40. Huron Consulting Group has a 52 week low of $70.66 and a 52 week high of $113.31. The stock has a market capitalization of $1.55 billion, a P/E ratio of 24.88 and a beta of 0.59. The stock has a fifty day moving average of $95.07 and a 200-day moving average of $100.28.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $0.88 by $0.35. The firm had revenue of $355.96 million during the quarter, compared to the consensus estimate of $348.80 million. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, sell-side analysts expect that Huron Consulting Group will post 5.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $90.06, for a total transaction of $27,018.00. Following the transaction, the director now owns 56,319 shares in the company, valued at $5,072,089.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Huron Consulting Group news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $90.06, for a total transaction of $27,018.00. Following the transaction, the director now directly owns 56,319 shares of the company’s stock, valued at approximately $5,072,089.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ernest W. Jr. Torain sold 650 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $100.00, for a total value of $65,000.00. Following the completion of the sale, the executive vice president now directly owns 15,050 shares of the company’s stock, valued at approximately $1,505,000. The disclosure for this sale can be found here. Insiders have sold 40,380 shares of company stock valued at $3,966,654 in the last ninety days. 2.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Huron Consulting Group during the third quarter valued at $481,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Huron Consulting Group during the third quarter worth approximately $228,000. Robeco Institutional Asset Management B.V. grew its stake in Huron Consulting Group by 3.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 44,577 shares of the business services provider’s stock worth $4,643,000 after purchasing an additional 1,593 shares during the period. Redwood Investments LLC acquired a new position in Huron Consulting Group in the third quarter valued at approximately $11,509,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Huron Consulting Group by 19.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,675 shares of the business services provider’s stock valued at $487,000 after buying an additional 756 shares during the period. Institutional investors and hedge funds 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.