Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells $106,919.62 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $102.61, for a total value of $106,919.62. Following the transaction, the director now owns 30,924 shares in the company, valued at approximately $3,173,111.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Huron Consulting Group Stock Down 1.1 %

Shares of NASDAQ HURN opened at $103.55 on Thursday. 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 $1.86 billion, a P/E ratio of 29.84 and a beta of 0.61. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $115.65. The business has a 50-day simple moving average of $102.15 and a two-hundred day simple moving average of $97.62.

Huron Consulting Group (NASDAQ:HURN) last released its 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. The company had revenue of $371.70 million during the quarter, compared to the consensus estimate of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. Huron Consulting Group’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. Research analysts anticipate that Huron Consulting Group Inc. will post 5.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently modified their holdings of HURN. Principal Securities Inc. bought a new position in Huron Consulting Group in the fourth quarter worth $25,000. Covestor Ltd increased 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Huron Consulting Group in the 2nd quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $42,000. Finally, Quest Partners LLC bought a new position in Huron Consulting Group during the 4th quarter valued at approximately $97,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barrington Research boosted their target price on shares of Huron Consulting Group from $133.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Benchmark reiterated a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a research report on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Huron Consulting Group in a report on Thursday, May 23rd. Finally, Truist Financial reiterated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

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.