StockNews.com Upgrades Huron Consulting Group (NASDAQ:HURN) to “Buy”

Huron Consulting Group (NASDAQ:HURN) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

HURN has been the topic of several other research reports. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday. Barrington Research restated an “outperform” rating and set a $137.00 price objective on shares of Huron Consulting Group in a research note on Monday, September 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $131.75.

Huron Consulting Group Trading Down 0.6 %

NASDAQ:HURN opened at $115.07 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.93 and a current ratio of 1.61. Huron Consulting Group has a one year low of $84.26 and a one year high of $118.10. The business’s 50-day simple moving average is $107.48 and its 200 day simple moving average is $100.67. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 25.02 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. The business had revenue of $370.00 million for the quarter, compared to analysts’ expectations of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. As a group, sell-side analysts predict that Huron Consulting Group will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $103.13, for a total transaction of $412,520.00. Following the sale, the chief executive officer now directly owns 81,081 shares in the company, valued at approximately $8,361,883.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $103.13, for a total transaction of $412,520.00. Following the sale, the chief executive officer now directly owns 81,081 shares in the company, valued at approximately $8,361,883.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hugh E. Sawyer III sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $104.09, for a total value of $312,270.00. Following the sale, the director now owns 23,802 shares in the company, valued at $2,477,550.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,348 shares of company stock worth $1,081,897. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of Huron Consulting Group

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd increased its position in Huron Consulting Group by 26,500.0% in the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 265 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Huron Consulting Group in the 2nd quarter valued at approximately $28,000. Assetmark Inc. increased its position in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 90 shares during the period. Daiwa Securities Group Inc. increased its position in Huron Consulting Group by 800.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 1,600 shares during the period. Finally, Dakota Wealth Management acquired a new stake in Huron Consulting Group in the 2nd quarter valued at approximately $219,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.