Huron Consulting Group (NASDAQ:HURN) Trading Down 7.9% After Insider Selling

Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) traded down 7.9% on Wednesday after an insider sold shares in the company. The stock traded as low as $150.31 and last traded at $141.44. 29,026 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 151,532 shares. The stock had previously closed at $153.61.

Specifically, Director Joy Brown sold 668 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total value of $100,026.32. Following the completion of the sale, the director now owns 8,896 shares in the company, valued at approximately $1,332,087.04. This trade represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

A number of brokerages have commented on HURN. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Truist Financial raised their target price on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Benchmark reiterated a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Wedbush increased 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 note on Wednesday, March 26th. Finally, Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. One 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $170.75.

Huron Consulting Group Stock Up 1.6%

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 has a 50-day simple moving average of $144.01 and a two-hundred day simple moving average of $134.43. The stock has a market capitalization of $2.48 billion, a P/E ratio of 31.29 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, beating 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 quarter in the previous year, the company earned $1.23 EPS. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Huron Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HURN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Huron Consulting Group by 149.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider's stock worth $172,079,000 after buying an additional 719,199 shares in the last quarter. Nuveen LLC bought a new stake in Huron Consulting Group during the 1st quarter worth approximately $38,511,000. Driehaus Capital Management LLC bought a new stake in Huron Consulting Group during the 1st quarter worth approximately $13,822,000. Algert Global LLC increased its holdings in Huron Consulting Group by 657.0% during the 1st quarter. Algert Global LLC now owns 80,965 shares of the business services provider's stock valued at $11,614,000 after purchasing an additional 70,270 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Huron Consulting Group by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider's stock valued at $28,538,000 after purchasing an additional 68,891 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.