Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 500 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director John Mccartney sold 500 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $151.13, for a total transaction of $75,565.00. Following the sale, the director now owns 55,688 shares of the company’s stock, valued at approximately $8,416,127.44. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

John Mccartney also recently made the following trade(s):

• On Thursday, January 2nd, John Mccartney sold 500 shares of Huron Consulting Group stock. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00.

Huron Consulting Group Price Performance

HURN stock opened at $149.28 on Friday. The business’s fifty day moving average price is $129.54 and its 200 day moving average price is $119.34. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $153.85. The company has a market capitalization of $2.64 billion, a PE ratio of 32.45 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 (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. On average, sell-side analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Hedge Funds Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group during the fourth quarter worth $33,000. Voloridge Investment Management LLC acquired a new position in Huron Consulting Group during the 4th quarter worth $3,059,000. Squarepoint Ops LLC increased its holdings in Huron Consulting Group by 355.5% during the 4th quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider’s stock worth $2,218,000 after purchasing an additional 13,934 shares during the period. Point72 Asset Management L.P. acquired a new stake in Huron Consulting Group in the 4th quarter valued at about $348,000. Finally, ProShare Advisors LLC boosted its stake in shares of Huron Consulting Group by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 4,947 shares of the business services provider’s stock valued at $615,000 after buying an additional 1,627 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on HURN. Barrington Research upped their price objective on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Benchmark upped their price target on Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Truist Financial raised their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, February 26th. Finally, Wedbush initiated coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $155.50.

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.