Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Insider Sells $88,617.40 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $108.07, for a total value of $88,617.40. Following the completion of the transaction, the insider now owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Huron Consulting Group Stock Performance

Huron Consulting Group stock opened at $103.12 on Friday. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $115.65. 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 capitalization of $1.86 billion, a P/E ratio of 29.72 and a beta of 0.61. The stock’s 50 day moving average is $101.13 and its 200 day moving average is $97.69.

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

Wall Street Analyst Weigh In

HURN has been the subject of a number of analyst reports. Truist Financial restated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 16th. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Huron Consulting Group in a report on Thursday, May 23rd. Barrington Research lifted their price target on shares of Huron Consulting Group from $133.00 to $137.00 and gave the company an “outperform” rating in a report on Monday. Finally, StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Huron Consulting Group in the 4th quarter worth approximately $42,000. New York State Teachers Retirement System purchased a new position in shares of Huron Consulting Group in the fourth quarter worth $175,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Huron Consulting Group by 242.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,078 shares of the business services provider’s stock valued at $419,000 after purchasing an additional 2,886 shares in the last quarter. Strs Ohio increased its holdings in Huron Consulting Group by 90.9% in the 4th quarter. Strs Ohio now owns 8,400 shares of the business services provider’s stock worth $863,000 after buying an additional 4,000 shares in the last quarter. Finally, Xponance Inc. purchased a new position in Huron Consulting Group in the 4th quarter worth about $269,000. Institutional investors 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.