William Blair Reaffirms Outperform Rating for Huron Consulting Group (NASDAQ:HURN)

William Blair reaffirmed their outperform rating on shares of Huron Consulting Group (NASDAQ:HURN) in a research note released on Monday,RTT News reports.

A number of other research analysts have also recently commented on HURN. Wedbush initiated coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. 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 note on Wednesday, February 26th. Barrington Research upped their target price on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Truist Financial raised their target price 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, March 4th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group has a consensus rating of “Buy” and a consensus price target of $155.50.

Huron Consulting Group Price Performance

NASDAQ HURN opened at $143.75 on Monday. 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 has a one year low of $84.26 and a one year high of $153.85. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 31.25 and a beta of 0.53. The stock has a 50-day moving average of $130.89 and a 200 day moving average of $120.38.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS 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 during the quarter, compared to analysts’ expectations of $380.62 million. On average, sell-side analysts forecast that Huron Consulting Group will post 6.1 EPS for the current year.

Insiders Place Their Bets

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 trade represents a 25.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total transaction of $247,380.00. Following the completion of the sale, the director now owns 50,534 shares in the company, valued at approximately $6,250,550.46. This trade represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,856 shares of company stock valued at $7,958,682. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dakota Wealth Management increased its stake in Huron Consulting Group by 4.0% during the fourth quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider’s stock worth $280,000 after acquiring an additional 87 shares during the last quarter. Assetmark Inc. lifted its position in shares of Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after buying an additional 90 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Huron Consulting Group by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider’s stock worth $228,000 after purchasing an additional 96 shares during the last quarter. Andina Capital Management LLC lifted its stake in Huron Consulting Group by 3.4% in the fourth quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider’s stock valued at $410,000 after buying an additional 107 shares during the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of Huron Consulting Group by 0.5% in the third quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider’s stock valued at $2,226,000 after buying an additional 110 shares during 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.