Huron Consulting Group Inc. (NASDAQ:HURN) CEO Sells $4,037,621.52 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at $11,835,927.38. This trade represents a 25.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN traded down $3.12 during trading on Thursday, hitting $144.77. 35,361 shares of the company’s stock were exchanged, compared to its average volume of 119,142. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $153.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 31.57 and a beta of 0.59. The business’s 50-day simple moving average is $129.11 and its 200 day simple moving average is $119.15.

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 for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. As a group, equities analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HURN. Dakota Wealth Management lifted its holdings in shares of Huron Consulting Group by 4.0% during the 4th quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 87 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of 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 last quarter. Summit Investment Advisors Inc. increased its stake in shares of Huron Consulting Group by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider’s stock worth $228,000 after acquiring an additional 96 shares during the period. Andina Capital Management LLC lifted its position in Huron Consulting Group by 3.4% during the fourth quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 107 shares during the period. Finally, Martingale Asset Management L P lifted its position in Huron Consulting Group by 0.5% during the third quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider’s stock valued at $2,226,000 after purchasing an additional 110 shares during the period. Institutional investors own 93.90% of the company’s stock.

Analysts Set New Price Targets

HURN has been the topic of several analyst reports. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, February 26th. Truist Financial lifted their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush initiated coverage on Huron Consulting Group in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. 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. Finally, Benchmark raised their target price on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group presently has a consensus rating of “Buy” and a consensus target price of $155.50.

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.