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Huron Consulting Group (NASDAQ:HURN) Shares Break Above Fifty Day Moving Average - Time to Sell?

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Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $169.05 and traded as high as $171.32. Huron Consulting Group shares last traded at $169.64, with a volume of 161,817 shares trading hands.

Analysts Set New Price Targets

HURN has been the subject 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 Saturday, November 7th. Zacks Research cut shares of Huron Consulting Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Evercore raised shares of Huron Consulting Group to an "outperform" rating in a research note on Friday, October 23rd. Weiss Ratings lowered shares of Huron Consulting Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. Finally, Truist Financial increased their price target on shares of Huron Consulting Group from $175.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, October 23rd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $215.50.

Check Out Our Latest Stock Analysis on HURN

Huron Consulting Group Stock Up 1.5%

The company has a debt-to-equity ratio of 2.02, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $2.68 billion, a PE ratio of 25.24 and a beta of 0.09. The company has a 50 day moving average price of $169.05 and a 200-day moving average price of $138.59.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.15. The company had revenue of $491.45 million during the quarter, compared to analyst estimates of $481.38 million. Huron Consulting Group had a return on equity of 35.61% and a net margin of 6.10%. The firm's revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 earnings per share. As a group, analysts forecast that Huron Consulting Group Inc. will post 9.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners increased its position in shares of Huron Consulting Group by 1.1% during the third quarter. Boston Partners now owns 811,644 shares of the business services provider's stock valued at $127,309,000 after buying an additional 9,040 shares during the period. BlackRock Inc. bought a new position in Huron Consulting Group in the second quarter worth about $125,191,000. Jennison Associates LLC lifted its holdings in Huron Consulting Group by 13.6% in the first quarter. Jennison Associates LLC now owns 667,887 shares of the business services provider's stock worth $85,149,000 after buying an additional 80,132 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Huron Consulting Group by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 641,714 shares of the business services provider's stock worth $81,811,000 after buying an additional 12,528 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Huron Consulting Group by 6.6% in the first quarter. Bank of America Corp DE now owns 267,172 shares of the business services provider's stock worth $34,062,000 after buying an additional 16,482 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Company Profile

(Get Free Report)

Huron Consulting Group is a global professional services firm that advises organizations on business strategy, operations, technology and performance improvement. Founded in 2002 and headquartered in Chicago, the company serves clients in the United States and internationally. Huron organizes its work around healthcare, education and commercial markets. Its services include operational and financial consulting, digital transformation, technology implementation, data and analytics, and support with regulatory and organizational challenges.

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