Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 668 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director Joy Brown sold 668 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the sale, the director now owns 8,896 shares in the company, valued at approximately $1,332,087.04. This represents a 6.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Huron Consulting Group Price Performance

NASDAQ HURN traded up $2.27 during trading hours on Friday, reaching $143.95. 265,886 shares of the stock traded hands, compared to its average volume of 155,058. The stock has a 50 day simple moving average of $144.01 and a two-hundred day simple moving average of $134.49. Huron Consulting Group Inc. has a 1 year low of $88.38 and a 1 year high of $155.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 31.29 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released 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. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. During the same quarter last year, the business posted $1.23 earnings per share. The company's revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Huron Consulting Group

A number of large investors have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its position in Huron Consulting Group by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider's stock valued at $228,000 after purchasing an additional 96 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock valued at $502,000 after purchasing an additional 121 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after purchasing an additional 122 shares in the last quarter. CWM LLC raised its position in Huron Consulting Group by 55.9% during 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 in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Huron Consulting Group by 15.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the business services provider's stock valued at $157,000 after purchasing an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Wall Street Analysts Forecast Growth

HURN has been the topic of several recent research reports. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Barrington Research increased their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wedbush increased their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Finally, Benchmark reiterated a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

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.