Huron Consulting Group’s (HURN) Outperform Rating Reaffirmed at William Blair

William Blair restated their outperform rating on shares of Huron Consulting Group (NASDAQ:HURN) in a report published on Wednesday morning,RTT News reports.

A number of other research firms also recently weighed in on HURN. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Benchmark upped their target price on Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday. Barrington Research upped their target price on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Wedbush began coverage on Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Finally, Truist Financial restated a “buy” rating and set a $165.00 price objective (up from $140.00) on shares of Huron Consulting Group in a research report on Wednesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Huron Consulting Group has a consensus rating of “Buy” and an average target price of $145.50.

Huron Consulting Group Stock Up 18.2 %

NASDAQ:HURN opened at $148.18 on Wednesday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 32.21 and a beta of 0.59. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $153.77. The stock’s 50 day moving average price is $126.33 and its two-hundred day moving average price is $117.59. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

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

Insider Activity

In related news, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $122.81, for a total transaction of $127,968.02. Following the completion of the sale, the director now owns 26,756 shares of the company’s stock, valued at $3,285,904.36. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Mccartney sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the sale, the director now directly owns 56,688 shares of the company’s stock, valued at $7,066,159.20. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,584 shares of company stock valued at $1,067,539. Company insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Several large investors have recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its holdings in Huron Consulting Group by 4.8% in the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after acquiring an additional 27,329 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock worth $67,503,000 after acquiring an additional 4,946 shares in the last quarter. Sunriver Management LLC boosted its holdings in Huron Consulting Group by 10.7% in the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after acquiring an additional 46,968 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Huron Consulting Group by 16.4% in the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after acquiring an additional 64,862 shares in the last quarter. Finally, State Street Corp boosted its holdings in Huron Consulting Group by 2.1% in the third quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock worth $48,447,000 after acquiring an additional 8,972 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

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.