Huron Consulting Group (NASDAQ:HURN) Receives Buy Rating from Benchmark

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a research report issued on Monday, Benzinga reports. They presently have a $140.00 price target on the business services provider’s stock. Benchmark’s price objective would indicate a potential upside of 41.04% from the company’s previous close.

Other analysts have also recently issued reports about the company. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research note on Thursday, May 23rd. Truist Financial reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Thursday, May 16th. Finally, Barrington Research reiterated an “outperform” rating and issued a $133.00 price objective on shares of Huron Consulting Group in a research note on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.75.

Huron Consulting Group Stock Up 0.6 %

NASDAQ:HURN opened at $99.26 on Monday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.13. The stock’s fifty day moving average is $91.82 and its two-hundred day moving average is $96.97. Huron Consulting Group has a 52 week low of $77.99 and a 52 week high of $113.31. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 28.61 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The company had revenue of $355.96 million for the quarter, compared to analysts’ expectations of $348.80 million. During the same period in the prior year, the firm earned $0.87 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. Research analysts anticipate that Huron Consulting Group will post 5.83 EPS for the current year.

Insider Activity

In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $89.00, for a total transaction of $26,700.00. Following the sale, the director now owns 57,988 shares of the company’s stock, valued at $5,160,932. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 1,859 shares of company stock worth $173,801. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in shares of Huron Consulting Group during the fourth quarter worth about $25,000. Covestor Ltd grew its holdings in shares of Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after purchasing an additional 265 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Huron Consulting Group during the fourth quarter worth about $42,000. Quest Partners LLC purchased a new position in shares of Huron Consulting Group during the fourth quarter worth about $97,000. Finally, Headlands Technologies LLC grew its holdings in shares of Huron Consulting Group by 2,020.0% during the fourth quarter. Headlands Technologies LLC now owns 954 shares of the business services provider’s stock worth $98,000 after purchasing an additional 909 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.