Huron Consulting Group (NASDAQ:HURN) Sees Strong Trading Volume - Time to Buy?

Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) saw an uptick in trading volume on Monday . 351,859 shares traded hands during trading, an increase of 144% from the previous session's volume of 143,971 shares.The stock last traded at $138.30 and had previously closed at $141.50.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Wedbush increased their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Barrington Research restated an "outperform" rating and issued a $167.00 price objective on shares of Huron Consulting Group in a report on Thursday, March 27th. Truist Financial lifted their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Benchmark reiterated a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $169.25.

Huron Consulting Group Trading Down 0.3 %

The stock's fifty day simple moving average is $141.90 and its 200-day simple moving average is $128.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $2.40 billion, a PE ratio of 29.16 and a beta of 0.37.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. On average, sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the completion of the transaction, the director now owns 55,688 shares of the company's stock, valued at $8,416,127.44. The trade was a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $125.15, for a total value of $130,406.30. Following the sale, the director now directly owns 24,672 shares in the company, valued at approximately $3,087,700.80. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,781 shares of company stock worth $11,484,452 over the last quarter. Insiders own 2.15% of the company's stock.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group in the 4th quarter valued at $33,000. Opal Wealth Advisors LLC purchased a new position in Huron Consulting Group in the first quarter valued at $35,000. Tower Research Capital LLC TRC raised its position in shares of Huron Consulting Group by 27.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after acquiring an additional 122 shares during the period. USA Financial Formulas purchased a new stake in shares of Huron Consulting Group during the 1st quarter worth about $114,000. Finally, KBC Group NV acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at about $128,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

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.