Huron Consulting Group’s (HURN) “Buy” Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Huron Consulting Group (NASDAQ:HURN) in a research note published on Wednesday morning, Benzinga reports. The firm currently has a $140.00 price target on the business services provider’s stock.

HURN has been the subject of a number of other reports. StockNews.com lowered Huron Consulting Group from a hold rating to a sell rating in a report on Friday, July 26th. Truist Financial reiterated a buy rating and issued a $140.00 price target on shares of Huron Consulting Group in a research report on Thursday, May 16th. Wedbush reiterated an outperform rating and issued a $110.00 price target on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Finally, Barrington Research reiterated an outperform rating and issued a $133.00 price target on shares of Huron Consulting Group in a research report on Tuesday, May 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $130.75.

Huron Consulting Group Price Performance

HURN opened at $108.51 on Wednesday. The stock has a fifty day moving average of $99.39 and a 200-day moving average of $97.70. The firm has a market capitalization of $1.93 billion, a P/E ratio of 31.27 and a beta of 0.61. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $115.65. The company has a quick ratio of 2.40, a current ratio of 1.93 and a debt-to-equity ratio of 0.99.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The business had revenue of $371.70 million for the quarter, compared to the consensus estimate of $374.33 million. During the same period in the prior year, the business posted $1.38 earnings per share. Huron Consulting Group’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts forecast that Huron Consulting Group will post 5.94 EPS for the current fiscal year.

Insider Transactions at Huron Consulting Group

In other news, Director John Mccartney sold 300 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $89.00, for a total transaction of $26,700.00. Following the sale, the director now owns 57,988 shares in the company, valued at $5,160,932. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John Mccartney sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $89.00, for a total transaction of $26,700.00. Following the transaction, the director now owns 57,988 shares of the company’s stock, valued at $5,160,932. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C. Mark Hussey sold 34,013 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the transaction, the chief executive officer now directly owns 85,081 shares in the company, valued at approximately $8,566,805.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,872 shares of company stock worth $3,601,300. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

Large investors have recently made changes to their positions in the company. Ritholtz Wealth Management acquired a new position in Huron Consulting Group in the fourth quarter valued at about $233,000. International Assets Investment Management LLC acquired a new position in Huron Consulting Group in the fourth quarter valued at about $42,000. New York State Teachers Retirement System acquired a new position in Huron Consulting Group in the fourth quarter valued at about $175,000. Allspring Global Investments Holdings LLC lifted its stake in Huron Consulting Group by 242.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,078 shares of the business services provider’s stock valued at $419,000 after buying an additional 2,886 shares during the period. Finally, Strs Ohio lifted its stake in Huron Consulting Group by 90.9% in the fourth quarter. Strs Ohio now owns 8,400 shares of the business services provider’s stock valued at $863,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds 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.