Huron Consulting Group Inc. (NASDAQ:HURN) Receives Consensus Rating of "Buy" from Brokerages

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 covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $170.75.

Several brokerages recently commented on HURN. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Truist Financial lifted their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Barrington Research lifted their target price on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. StockNews.com downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Wedbush boosted their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th.

Huron Consulting Group Stock Down 1.2%

Shares of NASDAQ HURN opened at $150.46 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group has a 52 week low of $84.87 and a 52 week high of $154.83. The firm's fifty day moving average is $143.19 and its 200 day moving average is $131.47. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 32.71 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. During the same period in the previous year, the firm earned $1.23 earnings per share. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts expect that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $133.63, for a total transaction of $66,815.00. Following the transaction, the director now directly owns 51,621 shares of the company's stock, valued at approximately $6,898,114.23. The trade was a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the sale, the chief executive officer now directly owns 81,118 shares in the company, valued at $11,835,927.38. This represents a 25.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,239 shares of company stock valued at $11,168,801. 2.15% of the stock is currently owned by company insiders.

Institutional Trading of Huron Consulting Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC grew its position in shares of Huron Consulting Group by 4.8% in the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock worth $74,722,000 after buying an additional 27,329 shares during the period. Wellington Management Group LLP grew its position in shares of Huron Consulting Group by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after buying an additional 4,946 shares during the period. Sunriver Management LLC grew its position in shares of Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock worth $60,465,000 after buying an additional 46,968 shares during the period. Franklin Resources Inc. grew its position in shares of Huron Consulting Group by 16.4% in the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock worth $57,240,000 after buying an additional 64,862 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Huron Consulting Group by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock worth $41,308,000 after buying an additional 17,146 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.

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