Huron Consulting Group (NASDAQ:HURN) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Huron Consulting Group (NASDAQ:HURN) from a sell rating to a hold rating in a research note published on Saturday.

Other equities research analysts have also issued research reports about the company. Barrington Research reaffirmed an outperform rating and issued a $133.00 target price on shares of Huron Consulting Group in a research note on Tuesday, May 28th. Wedbush restated an outperform rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Truist Financial reiterated a buy rating and set a $140.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 16th. Finally, Benchmark restated a buy rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Huron Consulting Group has a consensus rating of Moderate Buy and an average target price of $131.75.

Huron Consulting Group Stock Performance

Shares of HURN stock traded down $0.37 during midday trading on Friday, hitting $104.35. The company had a trading volume of 29,831 shares, compared to its average volume of 142,352. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 29.97 and a beta of 0.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.93 and a quick ratio of 2.40. The company’s 50 day simple moving average is $99.82 and its 200 day simple moving average is $97.64. Huron Consulting Group has a 52-week low of $84.26 and a 52-week high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.20. The firm had revenue of $371.70 million for the quarter, compared to analyst estimates of $374.33 million. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. Huron Consulting Group’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.38 EPS. Research analysts anticipate that Huron Consulting Group will post 5.94 earnings per share for the current fiscal year.

Insider Activity at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 34,013 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the completion of 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 at this hyperlink. In other news, CEO C. Mark Hussey sold 34,013 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the completion of the sale, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mccartney sold 300 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $89.00, for a total value of $26,700.00. Following the completion of the transaction, the director now directly owns 57,988 shares in the company, valued at $5,160,932. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,872 shares of company stock worth $3,601,300. 2.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

Large investors have recently made changes to their positions in the business. Principal Securities Inc. purchased a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $25,000. Covestor Ltd raised its stake in shares of Huron Consulting Group by 26,500.0% during 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 shares of Huron Consulting Group during the fourth quarter worth $42,000. Quest Partners LLC purchased a new position in shares of Huron Consulting Group in the fourth quarter valued at $97,000. Finally, Headlands Technologies LLC grew its holdings in Huron Consulting Group by 2,020.0% during 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.

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.