Huron Consulting Group (NASDAQ:HURN) Hits New 1-Year High Following Analyst Upgrade

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price hit a new 52-week high during trading on Monday after Barrington Research raised their price target on the stock from $137.00 to $142.00. Barrington Research currently has an outperform rating on the stock. Huron Consulting Group traded as high as $118.98 and last traded at $118.98, with a volume of 11237 shares trading hands. The stock had previously closed at $115.07.

A number of other research firms have also weighed in on HURN. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $133.00.

Insiders Place Their Bets

In related news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $115.82, for a total transaction of $120,684.44. Following the completion of the sale, the director now directly owns 27,798 shares of the company’s stock, valued at approximately $3,219,564.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO C. Mark Hussey sold 4,000 shares of Huron Consulting Group stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $103.13, for a total value of $412,520.00. Following the sale, the chief executive officer now owns 81,081 shares of the company’s stock, valued at approximately $8,361,883.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $115.82, for a total value of $120,684.44. Following the completion of the sale, the director now directly owns 27,798 shares of the company’s stock, valued at $3,219,564.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,390 shares of company stock valued at $890,312 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after purchasing an additional 265 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Huron Consulting Group in the 2nd quarter worth approximately $28,000. Assetmark Inc. grew its stake in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after buying an additional 90 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Huron Consulting Group by 800.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 1,600 shares during the period. Finally, Dakota Wealth Management purchased a new stake in shares of Huron Consulting Group during the second quarter worth $219,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Up 1.8 %

The stock has a market capitalization of $2.13 billion, a P/E ratio of 26.16 and a beta of 0.60. 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 stock has a fifty day moving average price of $108.09 and a 200 day moving average price of $101.37.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. During the same quarter in the previous year, the firm earned $1.39 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts forecast that Huron Consulting Group Inc. will post 6.11 earnings per share for the current year.

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.