Huron Consulting Group Inc. (NASDAQ:HURN) Receives $155.50 Average Target Price from Analysts

Huron Consulting Group Inc. (NASDAQ:HURN) has received an average recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $155.50.

HURN has been the subject of several analyst reports. Wedbush started coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Benchmark increased their price objective on Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Truist Financial lifted their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Monday, March 10th. Finally, Barrington Research raised their price objective on Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $125.15, for a total transaction of $130,406.30. Following the completion of the transaction, the director now owns 24,672 shares in the company, valued at $3,087,700.80. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C. Mark Hussey sold 27,672 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 81,118 shares in the company, valued at $11,835,927.38. The trade was a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,140 shares of company stock valued at $10,492,517. 2.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huron Consulting Group

Institutional investors and hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group during the 4th quarter worth about $33,000. Tower Research Capital LLC TRC lifted its stake in 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. Cibc World Markets Corp purchased a new stake in Huron Consulting Group during the fourth quarter worth approximately $204,000. Xponance Inc. acquired a new position in shares of Huron Consulting Group in the 4th quarter valued at $204,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Huron Consulting Group in the 4th quarter valued at $209,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

NASDAQ:HURN opened at $145.00 on Friday. Huron Consulting Group has a one year low of $84.26 and a one year high of $153.85. The stock has a market cap of $2.56 billion, a PE ratio of 31.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50 day moving average price of $135.24 and a 200 day moving average price of $123.06.

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

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.