Brokerages Set Huron Consulting Group Inc. (NASDAQ:HURN) Target Price at $171.50

Key Points

• Huron Consulting Group Inc. has received a consensus rating of "Buy" from five brokerages, with an average 12-month price target of $171.50.
• The company reported $1.89 EPS for its last quarter, exceeding analysts' expectations, and has a projected FY 2025 guidance of 7.300-7.70 EPS.
• Several insiders have sold shares recently, including Director John McCartney, who sold 500 shares at an average price of $129.11, representing a 0.96% decrease in his position.

Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) have been assigned an average rating of "Buy" from the five brokerages that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $171.50.

Several brokerages have weighed in on HURN. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barrington Research upped their price target on Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th.

Insider Buying and Selling

In other news, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the transaction, the director directly owned 8,162 shares of the company's stock, valued at approximately $1,116,071.88. This represents a 11.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $129.11, for a total value of $64,555.00. Following the transaction, the director directly owned 51,317 shares of the company's stock, valued at approximately $6,625,537.87. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,711 shares of company stock worth $624,066 in the last quarter. Company insiders own 2.15% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of Huron Consulting Group during the 1st quarter worth about $31,000. Opal Wealth Advisors LLC acquired a new position in shares of Huron Consulting Group during the 1st quarter worth about $35,000. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group during the 4th quarter worth about $33,000. N.E.W. Advisory Services LLC acquired a new position in shares of Huron Consulting Group during the 2nd quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Huron Consulting Group by 1,018.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the business services provider's stock worth $51,000 after acquiring an additional 336 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Trading Up 2.5%

HURN traded up $3.34 during mid-day trading on Wednesday, hitting $138.73. 578,905 shares of the stock were exchanged, compared to its average volume of 220,603. The firm's fifty day moving average is $133.67 and its two-hundred day moving average is $139.08. Huron Consulting Group has a 1-year low of $102.58 and a 1-year high of $155.00. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. The company has a market cap of $2.40 billion, a PE ratio of 24.21 and a beta of 0.26.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results 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. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The firm had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. During the same quarter in the prior year, the company earned $1.68 EPS. Huron Consulting Group's revenue was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Equities analysts forecast that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

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.