Huron Consulting Group Inc. (NASDAQ:HURN) Receives $155.50 Average Target Price from Brokerages

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have received an average rating of “Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $169.25.

A number of research analysts recently commented on the company. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday. Barrington Research reissued an “outperform” rating and set a $167.00 price objective on shares of Huron Consulting Group in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $165.00 target price on shares of Huron Consulting Group in a research note on Wednesday. Wedbush lifted their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Truist Financial upped their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th.

Huron Consulting Group Stock Down 0.3 %

Shares of NASDAQ HURN opened at $142.30 on Friday. The business has a 50-day moving average of $136.15 and a 200-day moving average of $123.71. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 30.93 and a beta of 0.53. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group has a 12 month low of $84.26 and a 12 month high of $153.85.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. The business had revenue of $399.31 million during 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%. Sell-side analysts expect that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the transaction, the director now owns 56,688 shares in the company, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H Eugene Lockhart sold 12,500 shares of Huron Consulting Group stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the director now directly owns 12,172 shares in the company, valued at approximately $1,825,800. The trade was a 50.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,781 shares of company stock valued at $11,722,822 in the last ninety days. Company insiders own 2.02% of the company’s stock.

Institutional Trading of Huron Consulting Group

Large investors have recently modified their holdings of the business. Wellington Management Group LLP raised its position in Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after purchasing an additional 121,371 shares during the last quarter. TI Trust Inc. bought a new position in shares of Huron Consulting Group during the fourth quarter valued at approximately $12,197,000. Franklin Resources Inc. lifted its stake in Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after acquiring an additional 67,239 shares during the period. Norges Bank bought a new stake in Huron Consulting Group in the fourth quarter valued at $7,427,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Huron Consulting Group in the third quarter valued at $6,336,000. 93.90% of the stock is owned by institutional investors.

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.