Huron Consulting Group’s (HURN) “Buy” Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Huron Consulting Group (NASDAQ:HURN) in a report published on Wednesday,Benzinga reports. They currently have a $165.00 price target on the business services provider’s stock.

HURN has been the subject of a number of other research reports. Truist Financial increased their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Barrington Research boosted their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research report on Monday, March 10th. Finally, Wedbush started coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group presently has an average rating of “Buy” and an average price target of $169.25.

Huron Consulting Group Price Performance

NASDAQ HURN opened at $142.30 on Wednesday. The firm has a market capitalization of $2.52 billion, a PE ratio of 30.93 and a beta of 0.53. 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 12 month low of $84.26 and a 12 month high of $153.85. The company’s 50 day simple moving average is $136.15 and its 200 day simple moving average is $123.59.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. As a group, equities research analysts forecast that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James H. Roth sold 8,641 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total value of $1,230,305.58. Following the completion of the sale, the director now owns 47,638 shares of the company’s stock, valued at approximately $6,782,698.44. The trade was a 15.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C. Mark Hussey sold 27,672 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at approximately $11,835,927.38. The trade was a 25.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,781 shares of company stock worth $11,722,822 in the last quarter. 2.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huron Consulting Group

Several hedge funds have recently bought and sold shares of HURN. Wellington Management Group LLP boosted its stake in shares of Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after acquiring an additional 121,371 shares in the last quarter. TI Trust Inc. acquired a new stake in Huron Consulting Group in the 4th quarter worth approximately $12,197,000. Franklin Resources Inc. boosted 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 purchasing an additional 67,239 shares during the period. Norges Bank acquired a new position in Huron Consulting Group during the fourth quarter valued at approximately $7,427,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Huron Consulting Group in the third quarter valued at approximately $6,336,000. 93.90% of the stock is owned by institutional investors and hedge funds.

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.