Wedbush Forecasts Strong Price Appreciation for Huron Consulting Group (NASDAQ:HURN) Stock

Huron Consulting Group (NASDAQ:HURN) had its target price raised by stock analysts at Wedbush from $150.00 to $165.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Wedbush’s price objective points to a potential upside of 15.62% from the stock’s current price.

HURN has been the topic of a number of other research reports. Barrington Research boosted their price objective 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. Benchmark reiterated a “buy” rating and issued a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday. Truist Financial raised their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research report on Monday, March 10th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and a consensus target price of $169.25.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN opened at $142.71 on Wednesday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 31.02 and a beta of 0.53. 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 has a 1-year low of $84.26 and a 1-year high of $153.85. The business has a 50-day moving average of $135.84 and a 200-day moving average of $123.33.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. The company had revenue of $399.31 million during 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%. On average, equities analysts anticipate that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total transaction of $75,565.00. Following the sale, the director now directly owns 55,688 shares of the company’s stock, valued at approximately $8,416,127.44. This represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Roth sold 8,642 shares of Huron Consulting Group stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $149.27, for a total transaction of $1,289,991.34. Following the completion of the transaction, the director now directly owns 56,279 shares of the company’s stock, valued at $8,400,766.33. This trade represents a 13.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,140 shares of company stock worth $10,492,517. Corporate insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Huron Consulting Group by 61.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider’s stock valued at $1,488,000 after purchasing an additional 4,550 shares during the last quarter. Wellington Management Group LLP increased its position in Huron Consulting Group by 29.1% in the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after buying an additional 121,371 shares during the period. Franklin Resources Inc. increased its position in Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after buying an additional 67,239 shares during the period. Atom Investors LP bought a new stake in Huron Consulting Group in the third quarter valued at $1,159,000. Finally, Aigen Investment Management LP acquired a new position in shares of Huron Consulting Group during the fourth quarter valued at $211,000. Institutional investors own 93.90% of the company’s stock.

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.