Huron Consulting Group (NASDAQ:HURN) Earns "Outperform" Rating from Barrington Research
Barrington Research has reaffirmed an "outperform" rating for Huron Consulting Group (NASDAQ:HURN) with a price target of $167.00, indicating a potential upside of 16.13%. Other analysts have also issued positive ratings, with a consensus target price of $169.25. Huron's stock recently traded at $143.81, reflecting a 0.9% increase. The company reported strong quarterly earnings, exceeding estimates with $1.90 EPS and $399.31 million in revenue. Insider trading activity includes significant sales by the CEO and a director, while institutional investors have increased their stakes in the company.
Huron Consulting Group (NASDAQ:HURN - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Barrington Research in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $167.00 target price on the business services provider's stock. Barrington Research's price objective points to a potential upside of 16.13% from the company's current price.
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A number of other equities analysts have also recently issued reports on HURN. Truist Financial increased their target price on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Benchmark reissued a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday. Wedbush upped their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $169.25.
Check Out Our Latest Research Report on HURN
Huron Consulting Group Trading Up 0.9 %
Huron Consulting Group stock traded up $1.30 during mid-day trading on Thursday, hitting $143.81. 9,967 shares of the company's stock were exchanged, compared to its average volume of 124,662. The company's 50 day simple moving average is $135.54 and its 200-day simple moving average is $123.20. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.54 billion, a P/E ratio of 31.26 and a beta of 0.53. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $153.85.
Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. On average, equities analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current year.
Insider Buying and Selling at Huron Consulting Group
In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total value of $75,565.00. Following the transaction, the director now directly owns 55,688 shares in the company, valued at $8,416,127.44. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the transaction, the chief executive officer now directly owns 81,118 shares in the company, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,140 shares of company stock worth $10,492,517 over the last quarter. 2.02% of the stock is currently owned by insiders.
Institutional Trading of Huron Consulting Group
Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Huron Consulting Group by 61.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock valued at $1,488,000 after purchasing an additional 4,550 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider's stock worth $58,512,000 after buying an additional 121,371 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Huron Consulting Group by 20.5% during the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock worth $42,306,000 after buying an additional 67,239 shares in the last quarter. Atom Investors LP bought a new stake in shares of Huron Consulting Group during the 3rd quarter worth $1,159,000. Finally, Aigen Investment Management LP acquired a new position in Huron Consulting Group during the fourth quarter worth about $211,000. Institutional investors and hedge funds own 93.90% of the company's stock.
About Huron Consulting Group
(Get Free Report)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.
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