Huron Consulting Group (NASDAQ:HURN) Given New $165.00 Price Target at Benchmark

Huron Consulting Group (NASDAQ:HURN) had its price objective boosted by analysts at Benchmark from $140.00 to $165.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Benchmark’s price target indicates a potential upside of 10.04% from the stock’s current price.

A number of other equities analysts have also commented on HURN. Barrington Research boosted their price target on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Truist Financial restated a “buy” rating and set a $165.00 target price (up previously from $140.00) on shares of Huron Consulting Group in a report on Wednesday. Wedbush started coverage on shares of Huron Consulting Group in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Finally, StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $145.50.

Huron Consulting Group Stock Up 19.6 %

Huron Consulting Group stock opened at $149.94 on Wednesday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 32.46 and a beta of 0.59. The firm has a fifty day moving average price of $125.75 and a two-hundred day moving average price of $117.37. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $143.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. As a group, analysts forecast that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $122.81, for a total value of $127,968.02. Following the completion of the sale, the director now owns 26,756 shares of the company’s stock, valued at approximately $3,285,904.36. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $126.03, for a total value of $252,060.00. Following the completion of the transaction, the director now owns 48,534 shares in the company, valued at $6,116,740.02. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,584 shares of company stock valued at $1,067,539. 2.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after acquiring an additional 121,371 shares during the last quarter. TI Trust Inc. bought a new stake in Huron Consulting Group during the fourth quarter worth about $12,197,000. Franklin Resources Inc. boosted its holdings in shares of Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after purchasing an additional 67,239 shares in the last quarter. Norges Bank purchased a new position in shares of Huron Consulting Group during the 4th quarter valued at about $7,427,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Huron Consulting Group in the 3rd quarter worth approximately $6,336,000. 93.90% of the stock is currently owned by institutional investors.

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.