Huron Consulting Group (NASDAQ:HURN) Stock Price Down 5% on Insider Selling

Huron Consulting Group Inc. (NASDAQ:HURN) shares dropped 5% during mid-day trading on Friday following insider selling activity. The company traded as low as $141.11 and last traded at $141.13. Approximately 189,076 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 122,200 shares. The stock had previously closed at $148.55.

Specifically, Director James H. Roth sold 8,642 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $149.27, for a total value of $1,289,991.34. Following the completion of the transaction, the director now owns 56,279 shares in the company, valued at approximately $8,400,766.33. This represents a 13.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barrington Research increased 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, February 27th. Wedbush assumed coverage on shares of Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating for the company. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Benchmark increased their price objective on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Truist Financial increased 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 note on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Huron Consulting Group currently has a consensus rating of “Buy” and an average price target of $155.50.

Huron Consulting Group Trading Down 5.0 %

The company’s 50 day moving average price is $134.17 and its 200 day moving average price is $122.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 30.68 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping 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 company had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Hedge Funds Weigh In On Huron Consulting Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dakota Wealth Management raised its stake in shares of Huron Consulting Group by 4.0% in 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. Summit Investment Advisors Inc. raised its stake 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 buying an additional 96 shares during the last quarter. Andina Capital Management LLC raised its stake in shares of Huron Consulting Group by 3.4% during the fourth quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider’s stock worth $410,000 after buying an additional 107 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Huron Consulting Group by 0.5% during the third quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider’s stock worth $2,226,000 after buying an additional 110 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider’s stock worth $502,000 after buying an additional 121 shares during the last quarter. 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.