Huron Consulting Group (NASDAQ:HURN) Earns Outperform Rating from William Blair

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “outperform” rating reissued by research analysts at William Blair in a report issued on Monday,RTT News reports.

Other research analysts also recently issued reports about the company. Wedbush assumed coverage on Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Benchmark boosted their price objective on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Barrington Research raised their target price on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Truist Financial boosted their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $155.50.

Huron Consulting Group Stock Down 0.5 %

HURN traded down $0.73 during midday trading on Monday, hitting $148.56. 48,120 shares of the company’s stock traded hands, compared to its average volume of 119,740. 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 company has a market cap of $2.63 billion, a PE ratio of 32.29 and a beta of 0.53. The stock’s fifty day simple moving average is $130.07 and its 200-day simple moving average is $119.84. Huron Consulting Group has a one year low of $84.26 and a one year high of $153.85.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. The business had revenue of $399.31 million during the quarter, compared to analyst estimates 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.

Insider Activity at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total value of $247,380.00. Following the completion of the transaction, the director now directly owns 50,534 shares of the company’s stock, valued at $6,250,550.46. This trade represents a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Mccartney sold 500 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the sale, the director now directly owns 56,688 shares in the company, valued at $7,066,159.20. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,856 shares of company stock worth $7,958,682 over the last three months. Company insiders own 2.02% of the company’s stock.

Institutional Trading of Huron Consulting Group

Several institutional investors have recently made changes to their positions in HURN. Jennison Associates LLC grew its position in Huron Consulting Group by 4.8% in the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock valued at $74,722,000 after acquiring an additional 27,329 shares during the period. Wellington Management Group LLP grew its holdings in shares of Huron Consulting Group by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock worth $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Sunriver Management LLC grew its holdings in shares of Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after purchasing an additional 46,968 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Huron Consulting Group by 16.4% during the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after purchasing an additional 64,862 shares in the last quarter. Finally, State Street Corp lifted its holdings in Huron Consulting Group by 2.1% during the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after purchasing an additional 8,972 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.