Huron Consulting Group (NASDAQ:HURN) Price Target Raised to $165.00

Huron Consulting Group (NASDAQ:HURN) had its price target lifted by equities researchers at Wedbush from $150.00 to $165.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Wedbush’s price objective indicates a potential upside of 14.47% from the stock’s current price.

Several other research firms have also recently weighed in on HURN. Benchmark reiterated a “buy” rating and set a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Barrington Research raised their price target on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Truist Financial raised their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $169.25.

Huron Consulting Group Stock Performance

HURN stock traded down $0.86 during trading on Wednesday, reaching $144.15. 12,186 shares of the company’s stock were exchanged, compared to its average volume of 123,972. The firm has a market cap of $2.55 billion, a PE ratio of 31.33 and a beta of 0.53. The company’s fifty day moving average price is $135.24 and its 200-day moving average price is $123.06. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $153.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

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 analysts’ consensus estimates of $1.52 by $0.38. The firm had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. On average, research analysts expect that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on 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 of the company’s stock, valued at approximately $6,250,550.46. The trade was a 3.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the sale, the director now directly owns 55,688 shares of the company’s stock, valued at approximately $8,416,127.44. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,140 shares of company stock worth $10,492,517 in the last 90 days. 2.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Huron Consulting Group by 29.1% in the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after acquiring an additional 121,371 shares in the last quarter. TI Trust Inc. acquired a new position in Huron Consulting Group during the fourth quarter worth $12,197,000. Franklin Resources Inc. grew its position in Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after purchasing an additional 67,239 shares in the last quarter. Norges Bank acquired a new stake in Huron Consulting Group in the 4th quarter valued at $7,427,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Huron Consulting Group during the 3rd quarter worth about $6,336,000. 93.90% of the stock is 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.