Huron Consulting Group Inc. (NASDAQ:HURN) CEO Sells $4,037,621.52 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the transaction, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Huron Consulting Group Trading Up 2.6 %

NASDAQ:HURN opened at $149.28 on Friday. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $153.85. The firm has a fifty day simple moving average of $130.07 and a 200-day simple moving average of $119.64. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.64 billion, a P/E ratio of 32.45 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. On average, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group during the fourth quarter worth $33,000. Tower Research Capital LLC TRC raised its holdings in shares of Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after purchasing an additional 122 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of Huron Consulting Group during the fourth quarter worth $204,000. Finally, Xponance Inc. purchased a new position in shares of Huron Consulting Group during the fourth quarter worth $204,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HURN. Wedbush started coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. Truist Financial raised their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, February 26th. Barrington Research raised their target price on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Benchmark raised their target price on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group currently has an average rating of “Buy” and a consensus price target of $155.50.

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.