Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth Sells 8,641 Shares

Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth sold 8,641 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total value of $1,230,305.58. Following the transaction, the director now directly owns 47,638 shares in the company, valued at approximately $6,782,698.44. This represents a 15.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Huron Consulting Group Stock Performance

HURN opened at $142.30 on Friday. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50 day moving average price of $136.15 and a two-hundred day moving average price of $123.59. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 30.93 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. The firm had revenue of $399.31 million during the quarter, compared to analysts’ expectations of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on HURN shares. Barrington Research reissued an “outperform” rating and issued a $167.00 price target on shares of Huron Consulting Group in a research note on Thursday. Wedbush lifted their target price on Huron Consulting Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday. Truist Financial increased their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Benchmark reissued a “buy” rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $169.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Huron Consulting Group by 61.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider’s stock valued at $1,488,000 after acquiring an additional 4,550 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Huron Consulting Group by 29.1% in the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after purchasing an additional 121,371 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Huron Consulting Group by 20.5% during the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after buying an additional 67,239 shares in the last quarter. Atom Investors LP acquired a new stake in Huron Consulting Group during the 3rd quarter worth about $1,159,000. Finally, Aigen Investment Management LP purchased a new position in Huron Consulting Group during the 4th quarter valued at about $211,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.