Huron Consulting Group (NASDAQ:HURN) Shares Down 3.6% - Here's What Happened

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report)'s stock price was down 3.6% during mid-day trading on Wednesday . The stock traded as low as $135.91 and last traded at $134.98. Approximately 43,386 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 153,395 shares. The stock had previously closed at $140.09.

Analyst Ratings Changes

Several brokerages have recently issued reports on HURN. Benchmark restated a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Truist Financial upped their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Wedbush upped their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Barrington Research upped their target price on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. One 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, the company currently has an average rating of "Moderate Buy" and an average price target of $170.75.

Huron Consulting Group Price Performance

The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 29.28 and a beta of 0.30. The company has a 50 day moving average of $143.67 and a 200 day moving average of $135.76. 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 (NASDAQ:HURN - Get Free Report) last announced its quarterly 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. The company had revenue of $404.14 million during the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm's revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $133.63, for a total transaction of $66,815.00. Following the completion of the sale, the director now owns 51,621 shares in the company, valued at $6,898,114.23. This trade represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Roth sold 8,641 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total value of $1,230,305.58. Following the sale, the director now owns 47,638 shares of the company's stock, valued at approximately $6,782,698.44. This trade represents a 15.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,951 shares of company stock worth $2,758,473 over the last three months. 2.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new stake in Huron Consulting Group during the 1st quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new position in Huron Consulting Group during the 4th quarter worth approximately $33,000. Opal Wealth Advisors LLC bought a new position in Huron Consulting Group during the 1st quarter worth approximately $35,000. CWM LLC lifted its holdings in Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after buying an additional 146 shares during the last quarter. Finally, Vestcor Inc bought a new position in Huron Consulting Group during the 1st quarter worth approximately $60,000. Institutional investors and hedge funds 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.