Huron Consulting Group’s (HURN) “Buy” Rating Reaffirmed at Truist Financial

Truist Financial reiterated their buy rating on shares of Huron Consulting Group (NASDAQ:HURN) in a research report sent to investors on Wednesday morning,Benzinga reports. Truist Financial currently has a $165.00 target price on the business services provider’s stock, up from their prior target price of $140.00.

HURN has been the subject of several other reports. 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. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Barrington Research raised their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $145.50.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $148.18 on Wednesday. The company has a market capitalization of $2.63 billion, a PE ratio of 32.21 and a beta of 0.59. 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 has a 52-week low of $84.26 and a 52-week high of $153.77. The company has a 50-day simple moving average of $126.33 and a 200 day simple moving average of $117.59.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping 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, research analysts predict that Huron Consulting Group will post 6.1 EPS for the current year.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $122.81, for a total value of $127,968.02. Following the completion of the transaction, the director now directly owns 26,756 shares in the company, valued at $3,285,904.36. This represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the sale, the director now directly owns 56,688 shares of the company’s stock, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,584 shares of company stock valued at $1,067,539 over the last 90 days. 2.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Huron Consulting Group

Hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group during the fourth quarter valued at about $33,000. Tower Research Capital LLC TRC boosted its stake in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after buying an additional 122 shares during the last quarter. Assetmark Inc. grew its holdings in Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after buying an additional 90 shares in the last quarter. Cibc World Markets Corp bought a new stake in Huron Consulting Group in 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. Hedge funds and other 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.