Barrington Research Increases Huron Consulting Group (NASDAQ:HURN) Price Target to $173.00

Huron Consulting Group (NASDAQ:HURN - Get Free Report) had its price objective raised by equities researchers at Barrington Research from $167.00 to $173.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Barrington Research's price target suggests a potential upside of 16.43% from the company's current price.

A number of other brokerages have also recently commented on HURN. Wedbush upped their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Benchmark reaffirmed a "buy" rating and issued a $165.00 price target on shares of Huron Consulting Group in a report on Wednesday, March 26th. William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. StockNews.com downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Truist Financial upped their price target 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Huron Consulting Group presently has a consensus rating of "Moderate Buy" and an average target price of $170.75.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN traded up $1.23 during mid-day trading on Monday, reaching $148.59. The company had a trading volume of 41,720 shares, compared to its average volume of 147,399. Huron Consulting Group has a one year low of $84.87 and a one year high of $153.85. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company's 50-day moving average price is $143.09 and its 200-day moving average price is $129.95. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 32.31 and a beta of 0.37.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $404.14 million for the quarter, compared to analysts' expectations of $389.27 million. During the same quarter in the prior year, the firm earned $1.23 EPS. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Activity

In other news, CEO C. Mark Hussey sold 27,672 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. This trade represents a 25.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total transaction of $75,565.00. Following the sale, the director now directly owns 55,688 shares of the company's stock, valued at $8,416,127.44. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,739 shares of company stock worth $11,354,046. 2.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Huron Consulting Group by 61.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock valued at $1,488,000 after acquiring an additional 4,550 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Huron Consulting Group by 20.5% during the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock valued at $42,306,000 after purchasing an additional 67,239 shares during the last quarter. Aigen Investment Management LP bought a new stake in Huron Consulting Group in the fourth quarter worth $211,000. Congress Asset Management Co. boosted its position in Huron Consulting Group by 9.0% during the fourth quarter. Congress Asset Management Co. now owns 79,095 shares of the business services provider's stock valued at $9,828,000 after buying an additional 6,521 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Huron Consulting Group by 29.6% during the fourth quarter. JPMorgan Chase & Co. now owns 101,041 shares of the business services provider's stock valued at $12,555,000 after buying an additional 23,059 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.

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.

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