Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 126 Shares of Stock

Key Points

• Ekta Singh-Bushell, a director at Huron Consulting Group, sold 126 shares of stock at an average price of $135.38, resulting in a total transaction of $17,057.88.
• Huron Consulting Group reported a Q2 EPS of $1.89, surpassing analysts' expectations of $1.79, with revenue reaching $402.50 million.
• Analysts have mixed opinions, with Barrington Research raising Huron's price target to $176.00 while Wall Street Zen downgraded it from a "buy" to a "hold" rating.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director Ekta Singh-Bushell sold 126 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $135.38, for a total transaction of $17,057.88. Following the completion of the sale, the director owned 15,467 shares in the company, valued at $2,093,922.46. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN traded up $1.39 during trading on Monday, reaching $134.56. The company had a trading volume of 22,363 shares, compared to its average volume of 203,975. The company has a fifty day moving average of $133.80 and a two-hundred day moving average of $138.74. The stock has a market capitalization of $2.33 billion, a P/E ratio of 23.48 and a beta of 0.26. Huron Consulting Group Inc. has a 12 month low of $102.58 and a 12 month high of $155.00. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. The firm had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 EPS. Equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently made changes to their positions in the business. Sowell Financial Services LLC purchased a new stake in Huron Consulting Group during the 1st quarter valued at $203,000. KBC Group NV bought a new stake in shares of Huron Consulting Group in the first quarter worth approximately $128,000. Lisanti Capital Growth LLC bought a new stake in shares of Huron Consulting Group in the first quarter worth approximately $4,626,000. GSA Capital Partners LLP purchased a new position in shares of Huron Consulting Group in the first quarter worth approximately $760,000. Finally, Informed Momentum Co LLC purchased a new position in shares of Huron Consulting Group in the first quarter worth approximately $3,988,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

Wall Street Analyst Weigh In

HURN has been the subject of a number of analyst reports. Barrington Research lifted their target price on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Huron Consulting Group has a consensus rating of "Moderate Buy" and a consensus target price of $171.50.

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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