Huron Consulting Group (NASDAQ:HURN) Given New $165.00 Price Target at Benchmark

Huron Consulting Group (NASDAQ:HURN) had its price target increased by Benchmark from $140.00 to $165.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Wedbush assumed coverage on Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Truist Financial reiterated a “buy” rating and issued a $165.00 target price (up previously from $140.00) on shares of Huron Consulting Group in a report on Wednesday. Finally, Barrington Research increased their price target on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $145.50.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $148.18 on Wednesday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 32.21 and a beta of 0.59. Huron Consulting Group has a 1 year low of $84.26 and a 1 year high of $153.77. The stock’s 50 day simple moving average is $126.33 and its two-hundred day simple moving average is $117.59. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. The company had revenue of $399.31 million for the quarter, compared to analysts’ expectations of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. As a group, equities analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $122.81, for a total transaction of $127,968.02. Following the completion of the sale, the director now directly owns 26,756 shares of the company’s stock, valued at approximately $3,285,904.36. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the transaction, the director now directly owns 56,688 shares in the company, valued at approximately $7,066,159.20. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,584 shares of company stock worth $1,067,539. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of Huron Consulting Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group in the fourth quarter worth about $33,000. Tower Research Capital LLC TRC raised its position in shares of Huron Consulting Group by 27.3% in the 4th 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 during the last quarter. Assetmark Inc. boosted 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 worth $149,000 after purchasing an additional 90 shares in the last quarter. Cibc World Markets Corp purchased a new stake in Huron Consulting Group during the 4th quarter worth approximately $204,000. Finally, Xponance Inc. acquired a new position in Huron Consulting Group during the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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.