Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells $64,555.00 in Stock

Key Points

• John McCartney, a director at Huron Consulting Group, sold 500 shares of stock at an average price of $129.11, resulting in a total transaction value of $64,555.
• The company's latest earnings report showed earnings per share of $1.89, which beat consensus estimates, with a revenue of $402.50 million for the quarter.
• Huron Consulting Group currently has a market capitalization of $2.19 billion and a consensus rating of "Moderate Buy" with an estimated price target of $170.75.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director John Mccartney sold 500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $129.11, for a total transaction of $64,555.00. Following the transaction, the director directly owned 51,317 shares of the company's stock, valued at $6,625,537.87. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

John Mccartney also recently made the following trade(s):

• On Tuesday, July 1st, John Mccartney sold 500 shares of Huron Consulting Group stock. The shares were sold at an average price of $136.74, for a total transaction of $68,370.00.

Huron Consulting Group Trading Up 1.0%

Shares of Huron Consulting Group stock traded up $1.27 during trading on Friday, hitting $133.00. The stock had a trading volume of 173,992 shares, compared to its average volume of 194,572. The stock has a market cap of $2.30 billion, a PE ratio of 23.21 and a beta of 0.26. Huron Consulting Group Inc. has a 12 month low of $101.84 and a 12 month high of $155.00. The firm's fifty day simple moving average is $134.86 and its 200-day simple moving average is $138.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.10. The business had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. As a group, sell-side analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in Huron Consulting Group during the 1st quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in Huron Consulting Group during the 4th quarter worth about $33,000. Opal Wealth Advisors LLC bought a new position in Huron Consulting Group during the 1st quarter worth about $35,000. CWM LLC grew its holdings in Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after acquiring an additional 146 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Huron Consulting Group by 725.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 421 shares of the business services provider's stock worth $58,000 after acquiring an additional 370 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday. Barrington Research upped their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $171.50.

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.