Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 300 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director John Mccartney sold 300 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $99.16, for a total transaction of $29,748.00. Following the transaction, the director now owns 57,688 shares of the company’s stock, valued at $5,720,342.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, June 11th, John Mccartney sold 1,259 shares of Huron Consulting Group stock. The shares were sold at an average price of $95.38, for a total transaction of $120,083.42.
• On Monday, June 3rd, John Mccartney sold 300 shares of Huron Consulting Group stock. The shares were sold at an average price of $89.00, for a total value of $26,700.00.
• On Wednesday, May 1st, John Mccartney sold 300 shares of Huron Consulting Group stock. The shares were sold at an average price of $90.06, for a total value of $27,018.00.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $97.69 on Thursday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 28.15 and a beta of 0.61. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.13. Huron Consulting Group Inc. has a 1-year low of $77.99 and a 1-year high of $113.31. The company has a 50 day moving average of $91.91 and a 200-day moving average of $96.98.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 earnings per share (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 quarter in the previous year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts forecast that Huron Consulting Group Inc. will post 5.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC grew its stake in shares of Huron Consulting Group by 6.0% during the first quarter. ProShare Advisors LLC now owns 3,342 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 188 shares during the last quarter. Blair William & Co. IL lifted its holdings in Huron Consulting Group by 2.1% during the 1st quarter. Blair William & Co. IL now owns 10,512 shares of the business services provider’s stock worth $1,016,000 after buying an additional 218 shares in the last quarter. Principal Securities Inc. bought a new position in Huron Consulting Group in the 4th quarter valued at $25,000. Covestor Ltd raised its position 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 worth $26,000 after acquiring an additional 265 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Huron Consulting Group by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 9,927 shares of the business services provider’s stock valued at $1,020,000 after acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HURN. Barrington Research reissued an “outperform” rating and issued a $133.00 price target on shares of Huron Consulting Group in a report on Tuesday, May 28th. Truist Financial restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Thursday, May 16th. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research note on Thursday, May 23rd. Finally, Benchmark restated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.75.

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.