Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) CEO Sells 27,672 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) 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 completion of the sale, the chief executive officer now directly owns 81,118 shares in the company, valued at approximately $11,835,927.38. This trade represents a 25.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Huron Consulting Group Stock Down 1.6 %

Shares of Huron Consulting Group stock opened at $145.46 on Friday. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. The company has a market capitalization of $2.57 billion, a P/E ratio of 31.62 and a beta of 0.59. The business’s fifty day moving average price is $129.11 and its two-hundred day moving average price is $119.15. 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 (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $399.31 million for the quarter, compared to analysts’ expectations of $380.62 million. As a group, research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HURN shares. Wedbush started coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Truist Financial lifted their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. 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. 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, William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Huron Consulting Group presently has a consensus rating of “Buy” and a consensus target price of $155.50.

Hedge Funds Weigh In On Huron Consulting Group

Several hedge funds have recently modified their holdings of HURN. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group during the 4th quarter valued at $33,000. Tower Research Capital LLC TRC grew its holdings in shares of Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after acquiring an additional 122 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after acquiring an additional 90 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Huron Consulting Group in the 4th quarter worth $204,000. Finally, Xponance Inc. acquired a new position in shares of Huron Consulting Group in the 4th quarter worth $204,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.