Huron Consulting Group (NASDAQ:HURN) Receives “Buy” Rating from Benchmark

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy” rating restated by research analysts at Benchmark in a research note issued on Wednesday, Benzinga reports. They currently have a $140.00 target price on the business services provider’s stock. Benchmark’s target price would suggest a potential upside of 20.50% from the company’s current price.

Several other research firms also recently issued reports on HURN. StockNews.com raised shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Barrington Research restated an “outperform” rating and set a $137.00 price objective on shares of Huron Consulting Group in a research report on Monday, September 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.75.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $11.19 on Wednesday, reaching $116.18. 34,407 shares of the stock were exchanged, compared to its average volume of 124,048. The firm’s 50 day moving average is $107.06 and its 200-day moving average is $100.45. The firm has a market cap of $2.09 billion, a PE ratio of 32.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.93 and a current ratio of 1.93. Huron Consulting Group has a one year low of $84.26 and a one year high of $116.70.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.10. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm had revenue of $370.00 million for the quarter, compared to analysts’ expectations of $377.63 million. During the same quarter in the previous year, the business posted $1.39 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Huron Consulting Group will post 5.95 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group 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 transaction of $412,520.00. Following the transaction, the chief executive officer now owns 81,081 shares of the company’s stock, valued at $8,361,883.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Hugh E. Sawyer III sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $104.09, for a total transaction of $312,270.00. Following the completion of the sale, the director now owns 23,802 shares in the company, valued at $2,477,550.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C. Mark Hussey sold 4,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 81,081 shares in the company, valued at approximately $8,361,883.53. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,168 shares of company stock worth $1,170,515. Corporate insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors have recently made changes to their positions in the stock. Wakefield Asset Management LLLP bought a new position in Huron Consulting Group in the 1st quarter valued at $921,000. Simplicity Wealth LLC bought a new position in Huron Consulting Group in the 2nd quarter worth about $584,000. Vanguard Group Inc. raised its holdings in shares of Huron Consulting Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock valued at $200,378,000 after acquiring an additional 25,905 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Huron Consulting Group by 435.2% during the second quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock worth $6,370,000 after purchasing an additional 52,589 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Huron Consulting Group by 26,500.0% in 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 last quarter. 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.