Benchmark Reaffirms “Buy” Rating for Huron Consulting Group (NASDAQ:HURN)

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research report issued on Wednesday,Benzinga reports. They currently have a $165.00 price target on the business services provider’s stock. Benchmark’s price target indicates a potential upside of 14.47% from the stock’s current price.

A number of other analysts have also recently commented on the company. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a research report on Monday, March 10th. Barrington Research lifted their target price on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Truist Financial upped their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Wedbush initiated coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $169.25.

Huron Consulting Group Stock Performance

HURN traded down $0.86 on Wednesday, reaching $144.15. 12,186 shares of the stock were exchanged, compared to its average volume of 123,972. The firm has a market capitalization of $2.55 billion, a PE ratio of 31.33 and a beta of 0.53. The company’s 50-day moving average price is $135.24 and its 200 day moving average price is $123.06. 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 has a fifty-two week low of $84.26 and a fifty-two week high of $153.85.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating 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 analysts’ expectations of $380.62 million. As a group, sell-side analysts forecast that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Activity

In related news, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $125.15, for a total value of $130,406.30. Following the sale, the director now directly owns 24,672 shares of the company’s stock, valued at approximately $3,087,700.80. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,140 shares of company stock valued at $10,492,517 in the last 90 days. Company insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in Huron Consulting Group by 0.9% during the fourth 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. Wealth Enhancement Advisory Services LLC lifted its stake in Huron Consulting Group by 3.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider’s stock worth $502,000 after acquiring an additional 121 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group in the 4th quarter valued at approximately $33,000. Voloridge Investment Management LLC acquired a new stake in shares of Huron Consulting Group in the 4th quarter valued at $3,059,000. Finally, Squarepoint Ops LLC lifted its position in shares of Huron Consulting Group by 355.5% during the 4th quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider’s stock worth $2,218,000 after purchasing an additional 13,934 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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.