Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 1,040 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director H Eugene Lockhart sold 1,040 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $142,209.60. Following the sale, the director directly owned 8,162 shares in the company, valued at $1,116,071.88. This trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $1.29 on Friday, hitting $139.68. The stock had a trading volume of 87,922 shares, compared to its average volume of 155,455. The business's 50-day simple moving average is $142.36 and its two-hundred day simple moving average is $137.00. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 20.94 and a beta of 0.28. Huron Consulting Group Inc. has a 52-week low of $96.45 and a 52-week high of $155.00. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.14.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.52. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. Huron Consulting Group had a net margin of 7.88% and a return on equity of 24.68%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Institutional Investors Weigh In On Huron Consulting Group

A number of hedge funds have recently modified their holdings of HURN. Sowell Financial Services LLC purchased a new position in Huron Consulting Group during the first quarter valued at $203,000. Lisanti Capital Growth LLC purchased a new stake in Huron Consulting Group in the 1st quarter worth approximately $4,626,000. Millennium Management LLC increased its holdings in Huron Consulting Group by 58.7% in the 4th quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock worth $11,540,000 after acquiring an additional 34,353 shares in the last quarter. Advisor Resource Council bought a new stake in Huron Consulting Group during the 1st quarter worth approximately $986,000. Finally, Asset Management One Co. Ltd. lifted its holdings in Huron Consulting Group by 5.7% during the first quarter. Asset Management One Co. Ltd. now owns 59,140 shares of the business services provider's stock valued at $8,484,000 after purchasing an additional 3,209 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

Analysts Set New Price Targets

HURN has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Benchmark reissued a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research upped their target price on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wedbush lifted their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. Finally, William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.75.

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.