Huron Consulting Group (NASDAQ:HURN) Earns Buy Rating from Benchmark

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy” rating restated by Benchmark in a note issued to investors on Wednesday,Benzinga reports. They currently have a $165.00 price objective on the business services provider’s stock. Benchmark’s price objective would suggest a potential upside of 15.62% from the company’s current price.

Several other equities analysts have also recently issued reports on HURN. Truist Financial upped 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. Barrington Research increased their price objective on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Wedbush assumed coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Finally, William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and a consensus price target of $169.25.

Huron Consulting Group Price Performance

Shares of HURN opened at $142.71 on Wednesday. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $153.85. The company has a market capitalization of $2.52 billion, a P/E ratio of 31.02 and a beta of 0.53. The firm has a 50 day moving average of $135.84 and a 200 day moving average of $123.33. 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 posted its earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. The business had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. As a group, equities research analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insider Activity at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the transaction, the director now owns 56,688 shares of the company’s stock, valued at $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total value of $247,380.00. Following the transaction, the director now owns 50,534 shares of the company’s stock, valued at approximately $6,250,550.46. This trade represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,140 shares of company stock worth $10,492,517. 2.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huron Consulting Group

Several large investors have recently made changes to their positions in HURN. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Huron Consulting Group in the third quarter worth $457,000. Intech Investment Management LLC bought a new stake in Huron Consulting Group in the 3rd quarter valued at $328,000. Dynamic Technology Lab Private Ltd purchased a new stake in Huron Consulting Group in the 3rd quarter worth $879,000. Quantbot Technologies LP boosted its holdings in shares of Huron Consulting Group by 6,174.4% during the 3rd quarter. Quantbot Technologies LP now owns 10,541 shares of the business services provider’s stock valued at $1,146,000 after purchasing an additional 10,373 shares during the last quarter. Finally, FMR LLC grew its position in shares of Huron Consulting Group by 32.4% during the third quarter. FMR LLC now owns 21,394 shares of the business services provider’s stock valued at $2,326,000 after purchasing an additional 5,230 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other 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.