Huron Consulting Group (NASDAQ:HURN) Earns Outperform Rating from Barrington Research

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $167.00 price target on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 17.36% from the stock’s previous close.

A number of other research analysts have also weighed in on HURN. Benchmark reissued a “buy” rating and set a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Wedbush raised their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Truist Financial upped their price target 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $169.25.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $142.30 on Thursday. The company has a fifty day moving average price of $136.15 and a two-hundred day moving average price of $123.59. 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 $2.52 billion, a P/E ratio of 30.93 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 (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, beating the consensus estimate of $1.52 by $0.38. The business 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%. As a group, equities analysts predict that Huron Consulting Group will post 6.1 EPS for the current year.

Insider Activity

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the completion of the sale, the director now owns 56,688 shares in the company, valued at $7,066,159.20. The trade was a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total transaction of $247,380.00. Following the transaction, the director now owns 50,534 shares in the company, valued at approximately $6,250,550.46. The trade was a 3.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,781 shares of company stock valued at $11,722,822. 2.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its position in shares of Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock valued at $74,722,000 after acquiring an additional 27,329 shares during the period. Wellington Management Group LLP raised its stake in Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock valued at $67,503,000 after purchasing an additional 4,946 shares in the last quarter. Sunriver Management LLC lifted its position in Huron Consulting Group by 10.7% during the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after purchasing an additional 46,968 shares during the period. Franklin Resources Inc. grew its stake in Huron Consulting Group by 16.4% during the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after buying an additional 64,862 shares in the last quarter. Finally, State Street Corp grew its stake in Huron Consulting Group by 2.1% during the third quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock worth $48,447,000 after buying an additional 8,972 shares in the last quarter. 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.