Huron Consulting Group (NASDAQ:HURN) Reaches New 52-Week High After Analyst Upgrade

Huron Consulting Group Inc. (NASDAQ:HURN) reached a new 52-week high during trading on Tuesday after Truist Financial raised their price target on the stock from $165.00 to $180.00. Truist Financial currently has a buy rating on the stock. Huron Consulting Group traded as high as $153.85 and last traded at $148.42, with a volume of 272422 shares changing hands. The stock had previously closed at $152.46.

Other equities research analysts also recently issued reports about the company. Wedbush initiated coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Barrington Research increased their price target on Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Benchmark increased their price target on Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, William Blair restated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $155.50.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the transaction, the director now directly owns 56,688 shares of the company’s stock, valued at approximately $7,066,159.20. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total value of $247,380.00. Following the transaction, the director now directly owns 50,534 shares of the company’s stock, valued at $6,250,550.46. This trade represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,542 shares of company stock valued at $2,642,736 over the last three months. Company insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new position in Huron Consulting Group during the fourth quarter valued at approximately $33,000. Tower Research Capital LLC TRC boosted 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 purchasing an additional 122 shares during the last quarter. Assetmark Inc. lifted its position in shares of Huron Consulting Group by 7.0% in 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 last quarter. Cibc World Markets Corp acquired a new stake in shares of Huron Consulting Group in the fourth quarter valued at approximately $204,000. Finally, Xponance Inc. acquired a new stake in shares of Huron Consulting Group in the fourth quarter valued at approximately $204,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Stock Performance

The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 32.15 and a beta of 0.59. The stock has a 50-day moving average price of $128.59 and a 200-day moving average price of $118.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last released 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. 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 during the quarter, compared to analysts’ expectations of $380.62 million. As a group, analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

About Huron Consulting Group

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.