Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 8,642 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth sold 8,642 shares of Huron Consulting Group stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $143.93, for a total value of $1,243,843.06. Following the completion of the transaction, the director now directly owns 64,921 shares in the company, valued at $9,344,079.53. This represents a 11.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Huron Consulting Group Trading Up 2.3 %

NASDAQ:HURN opened at $147.76 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $153.85. The stock’s 50-day moving average is $132.16 and its two-hundred day moving average is $121.08. The stock has a market cap of $2.61 billion, a PE ratio of 32.12 and a beta of 0.53.

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. The company had revenue of $399.31 million for the quarter, compared to analysts’ expectations of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. As a group, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HURN shares. Wedbush started coverage on Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Truist Financial lifted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Monday, March 10th. Barrington Research lifted 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. Finally, Benchmark lifted 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $155.50.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors have recently made changes to their positions in HURN. Heck Capital Advisors LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $33,000. Tower Research Capital LLC TRC lifted its holdings in shares of Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after buying an additional 122 shares during the last quarter. Assetmark Inc. lifted its holdings 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 valued at $149,000 after buying an additional 90 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $204,000. Finally, Xponance Inc. acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $204,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.