Huron Consulting Group (NASDAQ:HURN) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Huron Consulting Group (NASDAQ:HURN) from a sell rating to a hold rating in a report released on Saturday morning.

A number of other research analysts also recently weighed in on the company. Benchmark reissued a buy rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday. Truist Financial reissued a buy rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Thursday, May 16th. Barrington Research reissued an outperform rating and issued a $133.00 price objective on shares of Huron Consulting Group in a research note on Tuesday, May 28th. Finally, Wedbush reaffirmed an outperform rating and issued a $110.00 target price on shares of Huron Consulting Group in a report on Thursday, May 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Huron Consulting Group currently has an average rating of Moderate Buy and a consensus price target of $130.75.

Huron Consulting Group Stock Down 3.4 %

Shares of HURN traded down $3.84 during midday trading on Friday, reaching $108.51. 216,939 shares of the stock were exchanged, compared to its average volume of 182,327. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $115.65. The firm has a 50 day simple moving average of $99.82 and a 200-day simple moving average of $97.73. The company has a quick ratio of 2.40, a current ratio of 1.93 and a debt-to-equity ratio of 0.99. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 31.27 and a beta of 0.61.

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

Insider Buying and Selling at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock in a transaction that occurred on 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 sale, the chief executive officer now owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $99.16, for a total transaction of $29,748.00. Following the sale, the director now owns 57,688 shares of the company’s stock, valued at approximately $5,720,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $3,424,768.97. Following the completion of the sale, the chief executive officer now directly owns 85,081 shares in the company, valued at approximately $8,566,805.89. The disclosure for this sale can be found here. Insiders have sold 35,872 shares of company stock valued at $3,601,300 in the last 90 days. 2.02% of the stock is currently owned by insiders.

Institutional Trading of Huron Consulting Group

Institutional investors have recently bought and sold shares of the stock. 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 Huron Consulting Group by 26,500.0% in the 1st 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 last quarter. International Assets Investment Management LLC bought a new position in Huron Consulting Group in the 4th quarter valued at $42,000. Quest Partners LLC bought a new position in Huron Consulting Group in the 4th quarter valued at $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 during 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.