Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells $1,278,324.64 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth sold 8,642 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $147.92, for a total transaction of $1,278,324.64. Following the sale, the director now owns 73,563 shares of the company’s stock, valued at $10,881,438.96. This trade represents a 10.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Huron Consulting Group Stock Performance

Huron Consulting Group stock traded up $1.52 during mid-day trading on Friday, reaching $146.98. 83,978 shares of the stock traded hands, compared to its average volume of 119,721. 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 market capitalization of $2.60 billion, a PE ratio of 31.89 and a beta of 0.53. The business’s 50-day moving average is $129.54 and its 200-day moving average is $119.34. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $153.85.

Huron Consulting Group (NASDAQ:HURN) last issued 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. The business had revenue of $399.31 million during the quarter, compared to analysts’ expectations of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on HURN shares. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, February 26th. Benchmark lifted their price target on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Barrington Research raised their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Truist Financial increased their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wedbush assumed coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $155.50.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group in the 4th quarter valued at $33,000. Voloridge Investment Management LLC purchased a new position in shares of Huron Consulting Group during the 4th quarter valued at approximately $3,059,000. Squarepoint Ops LLC increased its position in shares of Huron Consulting Group by 355.5% during the fourth quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider’s stock worth $2,218,000 after purchasing an additional 13,934 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Huron Consulting Group in the fourth quarter worth about $348,000. Finally, ProShare Advisors LLC boosted its stake in Huron Consulting Group by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 4,947 shares of the business services provider’s stock worth $615,000 after buying an additional 1,627 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

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.