Huron Consulting Group (NASDAQ:HURN) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Huron Consulting Group (NASDAQ:HURN) from a hold rating to a sell rating in a report published on Friday.

A number of other equities analysts have also weighed in on the stock. Benchmark restated a buy rating and set a $140.00 price target on shares of Huron Consulting Group in a research report on Monday, July 1st. Barrington Research reaffirmed an outperform rating and issued a $133.00 price target on shares of Huron Consulting Group in a report on Tuesday, May 28th. Wedbush reiterated an outperform rating and set a $110.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Finally, Truist Financial restated a buy rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $130.75.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock opened at $113.50 on Friday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 32.71 and a beta of 0.61. The business has a 50 day simple moving average of $97.81 and a two-hundred day simple moving average of $97.44. Huron Consulting Group has a 12 month low of $84.26 and a 12 month high of $113.93. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.40 and a quick ratio of 2.40.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The firm had revenue of $355.96 million during the quarter, compared to the consensus estimate of $348.80 million. During the same period in the prior year, the company earned $0.87 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. As a group, analysts predict that Huron Consulting Group will post 5.83 EPS for the current fiscal year.

Insider Activity

In related news, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $90.06, for a total transaction of $27,018.00. Following the completion of the sale, the director now directly owns 56,319 shares of the company’s stock, valued at approximately $5,072,089.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $90.06, for a total value of $27,018.00. Following the completion of the transaction, the director now directly owns 56,319 shares of the company’s stock, valued at $5,072,089.14. The disclosure for this sale can be found here. Insiders have sold a total of 36,172 shares of company stock valued at $3,628,318 in the last quarter. Insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in Huron Consulting Group in the 4th quarter valued at approximately $25,000. Covestor Ltd boosted its holdings in Huron Consulting Group by 26,500.0% in the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 265 shares during the period. International Assets Investment Management LLC acquired a new position in Huron Consulting Group during the 4th quarter worth $42,000. Quest Partners LLC purchased a new stake in Huron Consulting Group during the 4th quarter worth about $97,000. Finally, Headlands Technologies LLC raised its position in Huron Consulting Group by 2,020.0% in the 4th quarter. Headlands Technologies LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 909 shares in the last quarter. Institutional investors and hedge funds 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.