Huron Consulting Group (NASDAQ:HURN) Given “Outperform” Rating at William Blair

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “outperform” rating reiterated by stock analysts at William Blair in a research report issued on Wednesday,RTT News reports.

A number of other research firms have also commented on HURN. Barrington Research upped their price objective on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wedbush raised their price objective 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. Benchmark reissued a “buy” rating and set a $165.00 target price on shares of Huron Consulting Group in a research note on Wednesday. Finally, Truist Financial raised their target price on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Six research 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 price target of $169.25.

Huron Consulting Group Price Performance

HURN stock traded down $2.37 on Wednesday, hitting $142.64. 59,591 shares of the company’s stock traded hands, compared to its average volume of 169,276. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 31.01 and a beta of 0.53. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $153.85. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average of $135.24 and a 200-day moving average of $123.06.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. On average, analysts forecast that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 81,118 shares of the company’s stock, valued at approximately $11,835,927.38. The trade was a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total value of $247,380.00. Following the completion of the sale, the director now owns 50,534 shares of the company’s stock, valued at approximately $6,250,550.46. This trade represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,140 shares of company stock valued at $10,492,517. 2.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of 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 worth $67,503,000 after acquiring an additional 4,946 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Huron Consulting Group by 3.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider’s stock valued at $502,000 after purchasing an additional 121 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Huron Consulting Group in the 4th quarter worth approximately $33,000. Voloridge Investment Management LLC acquired a new position in Huron Consulting Group during the 4th quarter worth $3,059,000. Finally, Squarepoint Ops LLC boosted its position in Huron Consulting Group by 355.5% in the 4th quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider’s stock valued at $2,218,000 after buying an additional 13,934 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

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.