Huron Consulting Group’s (HURN) Buy Rating Reiterated at Truist Financial

Truist Financial reissued their buy rating on shares of Huron Consulting Group (NASDAQ:HURN) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $165.00 target price on the business services provider’s stock, up from their prior target price of $140.00.

Other research analysts also recently issued research reports about the company. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Barrington Research increased their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Wedbush assumed coverage on shares of Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $151.75.

Huron Consulting Group Stock Up 1.9 %

Shares of HURN opened at $152.46 on Wednesday. Huron Consulting Group has a 1 year low of $84.26 and a 1 year high of $153.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $126.92 and a two-hundred day simple moving average of $117.81. The firm has a market cap of $2.70 billion, a P/E ratio of 33.14 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. The company had revenue of $399.31 million during the quarter, compared to analysts’ expectations of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. On average, analysts forecast that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insider Transactions at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the sale, the director now directly owns 12,172 shares of the company’s stock, valued at approximately $1,825,800. This trade represents a 50.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Mccartney sold 500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the transaction, the director now owns 56,688 shares in the company, valued at $7,066,159.20. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,084 shares of company stock worth $2,942,539. 2.02% of the stock is currently owned by insiders.

Institutional Trading of Huron Consulting Group

Several large investors have recently bought and sold shares of HURN. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group in the 4th quarter valued at approximately $33,000. Tower Research Capital LLC TRC lifted its position in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after buying an additional 122 shares during the period. Assetmark Inc. lifted its position in Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after buying an additional 90 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Huron Consulting Group in the 4th quarter worth about $204,000. Finally, Xponance Inc. bought a new position in shares of Huron Consulting Group in the 4th quarter worth about $204,000. 93.90% of the stock is owned by 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.