Huron Consulting Group (NASDAQ:HURN) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Huron Consulting Group (NASDAQ:HURN) from a sell rating to a hold rating in a research note published on Saturday.

HURN has been the topic of a number of other research reports. Wedbush reissued an outperform rating and issued a $110.00 target price on shares of Huron Consulting Group in a research note on Thursday, May 23rd. Barrington Research reaffirmed an outperform rating and set a $133.00 price objective on shares of Huron Consulting Group in a research note on Tuesday, May 28th. Truist Financial reaffirmed a buy rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Thursday, May 16th. Finally, Benchmark reaffirmed a buy rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $130.75.

Huron Consulting Group Price Performance

Shares of HURN stock traded down $3.84 on Friday, reaching $108.51. The company’s stock had a trading volume of 216,939 shares, compared to its average volume of 182,327. 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 has a 12-month low of $84.26 and a 12-month high of $115.65. The company has a market capitalization of $1.93 billion, a P/E ratio of 31.27 and a beta of 0.61. The stock’s 50 day simple moving average is $99.82 and its 200-day simple moving average is $97.73.

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

Insider Buying and Selling

In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 85,081 shares in the company, valued at $8,566,805.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John Mccartney sold 1,259 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $95.38, for a total transaction of $120,083.42. Following the completion of the transaction, the director now directly owns 57,988 shares in the company, valued at $5,530,895.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The disclosure for this sale can be found here. Insiders have sold 35,872 shares of company stock valued at $3,601,300 over the last ninety days. 2.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Huron Consulting Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock valued at $200,378,000 after purchasing an additional 25,905 shares during the last quarter. Boston Partners lifted its holdings in shares of Huron Consulting Group by 36.6% during the first quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock valued at $88,994,000 after purchasing an additional 247,218 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Huron Consulting Group by 1.4% during the fourth quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock valued at $40,163,000 after purchasing an additional 5,304 shares during the last quarter. Leeward Investments LLC MA lifted its holdings in shares of Huron Consulting Group by 5.6% during the second quarter. Leeward Investments LLC MA now owns 222,630 shares of the business services provider’s stock valued at $21,929,000 after purchasing an additional 11,902 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Huron Consulting Group during the fourth quarter valued at approximately $14,460,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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.