Huron Consulting Group (NASDAQ:HURN) Upgraded at StockNews.com

StockNews.com upgraded shares of Huron Consulting Group (NASDAQ:HURN) from a sell rating to a hold rating in a report published on Saturday.

Several other equities analysts also recently weighed in on the stock. Benchmark reiterated a buy rating and issued a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, July 31st. Barrington Research reiterated an outperform rating and issued a $133.00 price objective on shares of Huron Consulting Group in a research note on Tuesday, May 28th. Wedbush restated an outperform rating and set a $110.00 target price on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Finally, Truist Financial reiterated a buy rating and issued a $140.00 price target on shares of Huron Consulting Group in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $131.75.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $102.68 on Friday. The business’s 50 day simple moving average is $100.46 and its 200 day simple moving average is $97.62. Huron Consulting Group has a 12 month low of $84.26 and a 12 month high of $115.65. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 29.59 and a beta of 0.61. The company has a current ratio of 1.93, a quick ratio of 2.40 and a debt-to-equity ratio of 0.99.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm had revenue of $371.70 million for the quarter, compared to analysts’ expectations of $374.33 million. During the same quarter in the prior year, the firm earned $1.38 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Huron Consulting Group will post 5.94 EPS for the current year.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, insider Kyle Featherstone sold 820 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $108.07, for a total value of $88,617.40. Following the completion of the transaction, the insider now owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $89.00, for a total transaction of $26,700.00. Following the transaction, the director now directly owns 57,988 shares of the company’s stock, valued at $5,160,932. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total value of $88,617.40. Following the transaction, the insider now owns 1,565 shares in the company, valued at $169,129.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,692 shares of company stock valued at $3,689,918. 2.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Huron Consulting Group in the fourth quarter worth about $25,000. Covestor Ltd raised its holdings in shares of Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 265 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Huron Consulting Group in the fourth quarter worth $42,000. Quest Partners LLC bought a new stake in Huron Consulting Group in the fourth quarter valued at $97,000. Finally, Headlands Technologies LLC increased its position in Huron Consulting Group by 2,020.0% during the 4th quarter. Headlands Technologies LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 909 shares during the period. Institutional investors own 93.90% of the company’s stock.

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.