Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 12,500 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director H Eugene Lockhart sold 12,500 shares of Huron Consulting Group stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the director now directly owns 12,172 shares of the company’s stock, valued at $1,825,800. The trade was a 50.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

H Eugene Lockhart also recently made the following trade(s):

• On Monday, February 3rd, H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock. The stock was sold at an average price of $125.15, for a total transaction of $130,406.30.
• On Monday, December 2nd, H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock. The stock was sold at an average price of $122.81, for a total transaction of $127,968.02.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock opened at $152.46 on Friday. The company has a 50 day moving average of $126.92 and a 200-day moving average of $117.81. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.77. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.70 billion, a PE ratio of 33.14 and a beta of 0.59.

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 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 company had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. As a group, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on HURN shares. Benchmark lifted their target price on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush assumed coverage on shares of Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Barrington Research boosted their price objective on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a report on Thursday. Truist Financial reissued a “buy” rating and issued a $165.00 price objective (up previously from $140.00) on shares of Huron Consulting Group in a report on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group presently has a consensus rating of “Buy” and a consensus target price of $151.75.

Institutional Trading of Huron Consulting Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Jennison Associates LLC increased its position in Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after purchasing an additional 27,329 shares in the last quarter. Wellington Management Group LLP increased its position in 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 worth $67,503,000 after purchasing an additional 4,946 shares in the last quarter. Sunriver Management LLC increased its position in Huron Consulting Group by 10.7% during the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after purchasing an additional 46,968 shares in the last quarter. Franklin Resources Inc. increased its position in Huron Consulting Group by 16.4% during 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 in the last quarter. Finally, State Street Corp increased its position in Huron Consulting Group by 2.1% during the 3rd 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 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.