Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 6,804 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth sold 6,804 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $95.00, for a total transaction of $646,380.00. Following the transaction, the director now directly owns 62,825 shares in the company, valued at $5,968,375. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Huron Consulting Group Trading Up 0.8 %

Shares of HURN opened at $96.32 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. Huron Consulting Group Inc. has a 1-year low of $70.66 and a 1-year high of $113.31. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 30.10 and a beta of 0.59. The firm has a 50 day simple moving average of $101.31 and a 200-day simple moving average of $102.17.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. Huron Consulting Group had a return on equity of 17.77% and a net margin of 4.47%. The firm had revenue of $339.23 million for the quarter, compared to analysts’ expectations of $341.71 million. During the same quarter in the prior year, the firm earned $1.12 EPS. Huron Consulting Group’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that Huron Consulting Group Inc. will post 5.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barrington Research increased their target price on shares of Huron Consulting Group from $128.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. StockNews.com cut Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

Institutional Trading of Huron Consulting Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new position in Huron Consulting Group in the 4th quarter valued at about $25,000. West Tower Group LLC lifted its stake in shares of Huron Consulting Group by 458.2% during the fourth quarter. West Tower Group LLC now owns 307 shares of the business services provider’s stock valued at $32,000 after buying an additional 252 shares during the period. Comerica Bank purchased a new position in shares of Huron Consulting Group during the third quarter valued at approximately $35,000. Point72 Asset Management L.P. acquired a new stake in Huron Consulting Group during the second quarter worth approximately $35,000. Finally, International Assets Investment Management LLC purchased a new stake in Huron Consulting Group in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors 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.