Huron Consulting Group (NASDAQ:HURN) Sets New 52-Week High - Should You Buy?

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $155.00 and last traded at $149.80, with a volume of 175868 shares changing hands. The stock had previously closed at $153.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Benchmark reissued a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. StockNews.com cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Truist Financial upped their target price 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. Wedbush upped their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Finally, William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Huron Consulting Group presently has an average rating of "Moderate Buy" and an average target price of $170.75.

Huron Consulting Group Trading Up 3.3%

The firm has a market capitalization of $2.64 billion, a PE ratio of 33.25 and a beta of 0.23. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The business's fifty day moving average price is $143.56 and its 200 day moving average price is $132.67.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. The firm had revenue of $404.14 million for the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Huron Consulting Group's revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director H Eugene Lockhart sold 12,500 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the transaction, the director now owns 12,172 shares in the company, valued at $1,825,800. This represents a 50.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the transaction, the chief executive officer now owns 81,118 shares of the company's stock, valued at $11,835,927.38. This represents a 25.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,239 shares of company stock valued at $11,168,801. Company insiders own 2.15% of the company's stock.

Institutional Trading of Huron Consulting Group

A number of hedge funds have recently made changes to their positions in HURN. Quarry LP bought a new position in Huron Consulting Group during the first quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new position in shares of Huron Consulting Group in the fourth quarter valued at approximately $33,000. Opal Wealth Advisors LLC bought a new position in shares of Huron Consulting Group in the first quarter valued at approximately $35,000. CWM LLC raised its position in shares of Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after purchasing an additional 146 shares during the period. Finally, Vestcor Inc bought a new position in shares of Huron Consulting Group in the first quarter valued at approximately $60,000. 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.