Several other analysts have also recently weighed in on HURN. Benchmark reaffirmed a buy rating and issued a $120.00 target price (up previously from $110.00) on shares of SPS Commerce in a report on Thursday, May 2nd. Barrington Research reduced their target price on shares of CBS from $72.00 to $60.00 and set an outperform rating on the stock in a report on Monday, May 6th. Zacks Investment Research raised shares of DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $57.75.
Shares of HURN opened at $54.49 on Friday. The firm has a market capitalization of $1.25 billion, a PE ratio of 26.20, a PEG ratio of 1.70 and a beta of -0.04. Huron Consulting Group has a 1 year low of $43.30 and a 1 year high of $57.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s 50-day simple moving average is $51.14.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.07. The business had revenue of $204.45 million for the quarter, compared to analysts’ expectations of $199.92 million. Huron Consulting Group had a net margin of 2.27% and a return on equity of 9.44%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. On average, equities research analysts forecast that Huron Consulting Group will post 2.38 EPS for the current year.
In other news, Director George Massaro sold 547 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $50.02, for a total transaction of $27,360.94. Following the transaction, the director now directly owns 21,999 shares in the company, valued at $1,100,389.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $49.43, for a total transaction of $865,025.00. Following the transaction, the chief executive officer now owns 189,212 shares in the company, valued at $9,352,749.16. The disclosure for this sale can be found here. Corporate insiders own 2.86% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Gotham Asset Management LLC purchased a new position in shares of Huron Consulting Group during the fourth quarter worth approximately $877,000. Squarepoint Ops LLC grew its position in shares of Huron Consulting Group by 59.1% during the fourth quarter. Squarepoint Ops LLC now owns 16,677 shares of the business services provider’s stock worth $856,000 after acquiring an additional 6,197 shares during the last quarter. Northern Trust Corp grew its position in shares of Huron Consulting Group by 3.2% during the fourth quarter. Northern Trust Corp now owns 330,103 shares of the business services provider’s stock worth $16,937,000 after acquiring an additional 10,138 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Huron Consulting Group by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 257,580 shares of the business services provider’s stock worth $13,216,000 after acquiring an additional 17,753 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Huron Consulting Group by 151.2% during the fourth quarter. Millennium Management LLC now owns 164,314 shares of the business services provider’s stock worth $8,431,000 after acquiring an additional 98,900 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.
Huron Consulting Group Company Profile
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
Further Reading: Overbought
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