Huron Consulting Group Inc. (NASDAQ:HURN) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $200.50.

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research lowered shares of Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings raised shares of Huron Consulting Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Evercore upgraded Huron Consulting Group to an “outperform” rating in a research note on Friday. Finally, Truist Financial boosted their price objective on Huron Consulting Group from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Friday.

Insider Buying and Selling

In other news, CEO C. Hussey sold 24,072 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total value of $3,986,082.48. Following the transaction, the chief executive officer owned 74,399 shares in the company, valued at $12,319,730.41. This trade represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of Huron Consulting Group stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $152.67, for a total value of $70,075.53. Following the transaction, the insider directly owned 1,050 shares in the company, valued at approximately $160,303.50. The trade was a 30.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 24,613 shares of company stock worth $4,069,914 in the last 90 days. Corporate insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

Several large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its holdings in Huron Consulting Group by 805.2% during the 3rd quarter. Sterling Capital Management LLC now owns 525 shares of the business services provider’s stock worth $82,000 after acquiring an additional 467 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Huron Consulting Group by 3.9% in the third quarter. Quadrant Capital Group LLC now owns 4,056 shares of the business services provider’s stock valued at $636,000 after purchasing an additional 152 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in shares of Huron Consulting Group in the third quarter valued at about $229,000. Diversified Management Inc. purchased a new stake in shares of Huron Consulting Group in the third quarter valued at about $1,927,000. Finally, GAMMA Investing LLC lifted its position in shares of Huron Consulting Group by 57.9% during the third quarter. GAMMA Investing LLC now owns 289 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 106 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $198.48 on Tuesday. The company has a fifty day simple moving average of $162.94 and a 200 day simple moving average of $138.51. Huron Consulting Group has a 12-month low of $84.88 and a 12-month high of $203.37. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11. The company has a market cap of $3.16 billion, a P/E ratio of 29.71 and a beta of 0.09.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.29. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The business had revenue of $475.04 million during the quarter, compared to analyst estimates of $448.98 million. During the same quarter in the previous year, the business posted $1.89 EPS. Huron Consulting Group’s quarterly revenue was up 15.7% on a year-over-year basis. Sell-side analysts predict that Huron Consulting Group will post 9.18 earnings per share for the current fiscal year.

Huron Consulting Group Company Profile

Huron Consulting Group, Inc is a professional services firm that helps organizations improve performance, manage change, and use technology to address complex business challenges. The company serves clients in the healthcare, education, and public sectors, as well as commercial organizations.

Its services include operational and financial improvement, strategy and organizational consulting, digital transformation, technology implementation, data and analytics, and managed services. Huron also provides specialized advisory support for hospitals and health systems, colleges and universities, government agencies, and businesses seeking to improve processes, financial performance, and customer or patient experiences.

Founded in 2002 and headquartered in Chicago, Huron serves clients across the United States and internationally.