Huron Consulting Group (NASDAQ:HURN) Price Target Raised to $165.00 at Wedbush

Huron Consulting Group (NASDAQ:HURN) had its target price lifted by Wedbush from $150.00 to $165.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

HURN has been the subject of several other reports. Truist Financial lifted their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Barrington Research boosted their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and issued a $165.00 price target on shares of Huron Consulting Group in a research report on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $169.25.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $142.30 on Wednesday. The business’s 50 day moving average price is $136.15 and its 200-day moving average price is $123.59. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $153.85. The company has a market cap of $2.52 billion, a P/E ratio of 30.93 and a beta of 0.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. The firm had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. Sell-side analysts predict that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Activity

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total value of $4,037,621.52. Following the sale, the chief executive officer now directly owns 81,118 shares of the company’s stock, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the transaction, the director now owns 56,688 shares of the company’s stock, valued at $7,066,159.20. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,781 shares of company stock valued at $11,722,822 in the last ninety days. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jennison Associates LLC boosted its holdings in Huron Consulting Group by 4.8% during the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after buying an additional 27,329 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock valued at $67,503,000 after acquiring an additional 4,946 shares during the period. Sunriver Management LLC increased its stake in shares of Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock valued at $60,465,000 after purchasing an additional 46,968 shares in the last quarter. Franklin Resources Inc. raised its holdings in Huron Consulting Group by 16.4% in the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after purchasing an additional 64,862 shares during the period. Finally, State Street Corp boosted its position in Huron Consulting Group by 2.1% during the third quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock worth $48,447,000 after purchasing an additional 8,972 shares in the last quarter. Institutional investors and hedge funds 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.