Huron Consulting Group (NASDAQ:HURN) Given New $165.00 Price Target at Benchmark

Huron Consulting Group (NASDAQ:HURN) had its price target boosted by Benchmark from $140.00 to $165.00 in a research report released on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the business services provider’s stock.

Several other brokerages also recently weighed in on HURN. Truist Financial reissued a “buy” rating and set a $165.00 price target (up previously from $140.00) on shares of Huron Consulting Group in a research report on Wednesday. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research upped their price target on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Wedbush began coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and an average target price of $151.75.

Huron Consulting Group Trading Up 1.9 %

NASDAQ HURN opened at $152.46 on Wednesday. Huron Consulting Group has a 12 month low of $84.26 and a 12 month 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 stock’s fifty day moving average price is $126.92 and its 200-day moving average price is $117.81. The stock has a market cap of $2.70 billion, a P/E ratio of 33.14 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS 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 the consensus estimate of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. As a group, equities analysts forecast that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Activity

In related news, Director H Eugene Lockhart sold 12,500 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 12,172 shares in the company, valued at approximately $1,825,800. This represents a 50.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mccartney sold 500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the completion of the transaction, the director now directly owns 56,688 shares in the company, valued at approximately $7,066,159.20. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,084 shares of company stock valued at $2,942,539 in the last ninety days. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of Huron Consulting Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HURN. Creative Planning boosted its stake in shares of Huron Consulting Group by 10.5% during the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after acquiring an additional 246 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Huron Consulting Group by 2.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 58,259 shares of the business services provider’s stock worth $6,333,000 after purchasing an additional 1,398 shares during the period. Principal Financial Group Inc. lifted its position in Huron Consulting Group by 4.7% during the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock valued at $41,308,000 after purchasing an additional 17,146 shares in the last quarter. Olympiad Research LP bought a new stake in Huron Consulting Group during the third quarter valued at about $299,000. Finally, Assetmark Inc. increased its position in Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after buying an additional 90 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.