Huron Consulting Group (NASDAQ:HURN) Trading Down 5% Following Insider Selling

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price was down 5% on Friday after an insider sold shares in the company. The company traded as low as $141.11 and last traded at $141.13. Approximately 189,076 shares were traded during trading, an increase of 55% from the average daily volume of 122,200 shares. The stock had previously closed at $148.55.

Specifically, Director James H. Roth sold 8,642 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $149.27, for a total value of $1,289,991.34. Following the sale, the director now owns 56,279 shares of the company’s stock, valued at $8,400,766.33. The trade was a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HURN shares. Benchmark boosted their target price on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Barrington Research boosted their target price on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Truist Financial boosted their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Finally, Wedbush started coverage on shares of Huron Consulting Group in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $155.50.

Huron Consulting Group Stock Performance

The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 30.62 and a beta of 0.53. The company’s fifty day simple moving average is $134.50 and its 200 day simple moving average is $122.33. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, beating 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 firm had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. On average, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors have recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at about $33,000. Tower Research Capital LLC TRC boosted its position in shares of Huron Consulting Group by 27.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 122 shares during the period. Xponance Inc. bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at about $204,000. Cibc World Markets Corp bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at about $204,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at about $209,000. 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.