James H. Roth Sells 8,642 Shares of Huron Consulting Group Inc. (NASDAQ:HURN) Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth sold 8,642 shares of Huron Consulting Group stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $143.93, for a total transaction of $1,243,843.06. Following the completion of the transaction, the director now directly owns 64,921 shares of the company’s stock, valued at approximately $9,344,079.53. This represents a 11.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN opened at $147.76 on Friday. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $153.85. The firm’s 50-day simple moving average is $132.16 and its 200 day simple moving average is $121.08. 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 stock has a market cap of $2.61 billion, a P/E ratio of 32.12 and a beta of 0.53.

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

Analyst Ratings Changes

A number of research firms have issued reports on HURN. Barrington Research raised their target price on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wedbush began coverage on Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Truist Financial raised their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Monday, March 10th. Finally, Benchmark raised their target price on Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $155.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quest Partners LLC grew its holdings in Huron Consulting Group by 131.9% during the third quarter. Quest Partners LLC now owns 13,814 shares of the business services provider’s stock worth $1,502,000 after acquiring an additional 7,858 shares during the period. Allspring Global Investments Holdings LLC grew its holdings 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 worth $1,488,000 after acquiring an additional 4,550 shares during the period. Wellington Management Group LLP grew its holdings in Huron Consulting Group by 29.1% during the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after acquiring an additional 121,371 shares during the period. Franklin Resources Inc. grew its holdings in Huron Consulting Group by 20.5% during the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after acquiring an additional 67,239 shares during the period. Finally, Atom Investors LP acquired a new position in Huron Consulting Group during the third quarter worth about $1,159,000. 93.90% of the stock is owned by institutional investors and hedge funds.

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.