Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 500 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director John Mccartney sold 500 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $68,370.00. Following the transaction, the director owned 51,817 shares in the company, valued at $7,085,456.58. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

John Mccartney also recently made the following trade(s):

• On Thursday, May 1st, John Mccartney sold 500 shares of Huron Consulting Group stock. The shares were sold at an average price of $133.63, for a total value of $66,815.00.

Huron Consulting Group Stock Up 0.9%

Huron Consulting Group stock traded up $1.29 during midday trading on Friday, reaching $139.68. The company's stock had a trading volume of 87,922 shares, compared to its average volume of 155,574. The business has a 50-day simple moving average of $142.36 and a 200-day simple moving average of $137.13. The company has a market cap of $2.41 billion, a P/E ratio of 20.94 and a beta of 0.28. Huron Consulting Group Inc. has a fifty-two week low of $96.45 and a fifty-two week high of $155.00. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.14.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. The firm had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a return on equity of 24.68% and a net margin of 7.88%. The business's revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. On average, research analysts expect 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 have recently modified their holdings of HURN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Huron Consulting Group by 149.7% during the 1st 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 purchasing an additional 719,199 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Huron Consulting Group in the first quarter valued at about $38,511,000. Driehaus Capital Management LLC purchased a new stake in Huron Consulting Group in the 1st quarter valued at approximately $13,822,000. Algert Global LLC raised its stake in shares of 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 worth $11,614,000 after buying an additional 70,270 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Huron Consulting Group by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider's stock valued at $28,538,000 after acquiring an additional 68,891 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Benchmark restated a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Barrington Research increased their target price on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Wedbush upped their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. One investment 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $170.75.

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.