Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 2,000 Shares of Stock

Key Points

• Huron Consulting Group Inc. Director James H. Roth sold 2,000 shares at an average price of $128.98, reducing his stake by 4.41% to a total of 43,304 shares valued around $5.58 million.
• The company reported $1.89 EPS for the previous quarter, exceeding expectations by $0.10, with revenues at $402.50 million, marking an 8.3% year-over-year increase.
• Equities research analysts have given Huron Consulting a consensus rating of "Moderate Buy" with an average target price of $171.50, despite Barrington Research recently raising its target price to $176.00.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director James H. Roth sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $128.98, for a total transaction of $257,960.00. Following the completion of the transaction, the director owned 43,304 shares of the company's stock, valued at approximately $5,585,349.92. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Huron Consulting Group Trading Up 1.0%

NASDAQ HURN traded up $1.27 during mid-day trading on Friday, reaching $133.00. 173,992 shares of the stock were exchanged, compared to its average volume of 193,545. Huron Consulting Group Inc. has a one year low of $101.84 and a one year high of $155.00. The stock has a 50 day simple moving average of $134.86 and a 200-day simple moving average of $138.56. The stock has a market cap of $2.30 billion, a P/E ratio of 23.21 and a beta of 0.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99.

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

Wall Street Analyst Weigh In

HURN has been the subject of several recent research reports. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday. Barrington Research upped their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Huron Consulting Group currently has an average rating of "Moderate Buy" and an average target price of $171.50.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently bought and sold shares of the company. Sowell Financial Services LLC bought a new position in Huron Consulting Group during the first quarter worth $203,000. KBC Group NV bought a new position in Huron Consulting Group during the first quarter worth $128,000. Lisanti Capital Growth LLC bought a new position in Huron Consulting Group during the first quarter worth $4,626,000. GSA Capital Partners LLP bought a new position in Huron Consulting Group during the first quarter worth $760,000. Finally, Teacher Retirement System of Texas boosted its stake in Huron Consulting Group by 32.5% during the first quarter. Teacher Retirement System of Texas now owns 31,781 shares of the business services provider's stock worth $4,559,000 after acquiring an additional 7,788 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

About Huron Consulting Group

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.