Huron Consulting Group Inc. (NASDAQ:HURN) Insider Kyle Featherstone Sells 375 Shares

Key Points

• Insider Kyle Featherstone sold 375 shares of Huron Consulting Group at an average price of $135.73, reducing his ownership by 22.24%.
• The company reported earnings of $1.89 per share, surpassing estimates, with revenue of $402.50 million for the last quarter, an 8.3% increase from the previous year.
• Analysts have a moderate outlook on Huron Consulting Group, with an average target price of $171.50 and six analysts rating it as a "buy" or "hold."

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) insider Kyle Featherstone sold 375 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the transaction, the insider directly owned 1,311 shares in the company, valued at $177,942.03. The trade was a 22.24% 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

Shares of NASDAQ:HURN traded up $1.39 during midday trading on Monday, hitting $134.56. The stock had a trading volume of 22,363 shares, compared to its average volume of 203,975. The company has a market capitalization of $2.33 billion, a PE ratio of 23.48 and a beta of 0.26. The stock has a 50 day moving average price of $133.80 and a two-hundred day moving average price of $138.74. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. Huron Consulting Group Inc. has a 1 year low of $102.58 and a 1 year high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.10. The business had revenue of $402.50 million for 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 business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. As a group, equities analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barrington Research raised their price objective 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, August 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $171.50.

Institutional Trading of Huron Consulting Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in shares of Huron Consulting Group by 0.5% in the second quarter. California State Teachers Retirement System now owns 16,396 shares of the business services provider's stock valued at $2,255,000 after acquiring an additional 76 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Huron Consulting Group by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider's stock worth $228,000 after buying an additional 96 shares in the last quarter. Savant Capital LLC boosted its holdings in Huron Consulting Group by 6.9% during the second quarter. Savant Capital LLC now owns 1,686 shares of the business services provider's stock worth $232,000 after buying an additional 109 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock worth $502,000 after buying an additional 121 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

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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