Huron Consulting Group (NASDAQ:HURN) Hits New 1-Year High Following Analyst Upgrade

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price reached a new 52-week high during mid-day trading on Tuesday after Truist Financial raised their price target on the stock from $165.00 to $180.00. Truist Financial currently has a buy rating on the stock. Huron Consulting Group traded as high as $153.85 and last traded at $148.42, with a volume of 272422 shares trading hands. The stock had previously closed at $152.46.

A number of other research firms have also recently weighed in on HURN. Benchmark lifted their price objective on Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Barrington Research lifted their price objective on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, February 26th. Finally, Wedbush initiated coverage on Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $155.50.

Insider Buying and Selling

In related news, Director H Eugene Lockhart sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the transaction, the director now directly owns 12,172 shares of the company’s stock, valued at approximately $1,825,800. The trade was a 50.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mccartney sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the completion of the transaction, the director now directly owns 55,688 shares in the company, valued at approximately $8,416,127.44. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,542 shares of company stock valued at $2,642,736. Corporate insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HURN. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $33,000. Tower Research Capital LLC TRC raised its holdings in shares of Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after acquiring an additional 122 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after acquiring an additional 90 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $204,000. Finally, Xponance Inc. purchased a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $204,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Stock Up 0.2 %

The firm has a market capitalization of $2.61 billion, a PE ratio of 32.15 and a beta of 0.59. The company has a fifty day moving average price of $128.59 and a 200-day moving average price of $118.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

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, topping the consensus estimate of $1.52 by $0.38. The business had revenue of $399.31 million for the quarter, compared to analysts’ expectations 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, analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Huron Consulting Group Company Profile

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.