Huron Consulting Group (NASDAQ:HURN) Price Target Raised to $180.00 at Truist Financial

Huron Consulting Group (NASDAQ:HURN) had its target price upped by stock analysts at Truist Financial from $165.00 to $180.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective points to a potential upside of 24.17% from the stock’s current price.

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

Huron Consulting Group Stock Down 2.3 %

HURN stock traded down $3.46 during mid-day trading on Tuesday, hitting $144.96. 123,573 shares of the company were exchanged, compared to its average volume of 135,962. The firm has a fifty day simple moving average of $128.09 and a 200 day simple moving average of $118.65. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $153.85. The company has a market capitalization of $2.56 billion, a PE ratio of 31.44 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. On average, research analysts forecast that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 12,500 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the director now owns 12,172 shares of the company’s stock, valued at approximately $1,825,800. This represents a 50.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total value of $252,060.00. Following the sale, the director now directly owns 48,534 shares in the company, valued at approximately $6,116,740.02. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,042 shares of company stock valued at $2,814,571 in the last 90 days. 2.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently bought and sold shares of HURN. Quest Partners LLC lifted its stake 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 purchasing an additional 7,858 shares during the period. Allspring Global Investments Holdings LLC grew its position in Huron Consulting Group by 61.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider’s stock valued at $1,488,000 after acquiring an additional 4,550 shares during the period. Wellington Management Group LLP raised its stake 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 in the last quarter. Franklin Resources Inc. boosted its stake in shares of Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after purchasing an additional 67,239 shares in the last quarter. Finally, Atom Investors LP bought a new stake in shares of Huron Consulting Group in the 3rd quarter worth about $1,159,000. 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.