Huron Consulting Group (NASDAQ:HURN) Hits New 1-Year High Following Analyst Upgrade

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price hit a new 52-week high during trading on Tuesday after Truist Financial raised their price target on the stock from $165.00 to $180.00. Truist Financial currently has a buy rating on the stock. Huron Consulting Group traded as high as $153.85 and last traded at $148.42, with a volume of 272422 shares trading hands. The stock had previously closed at $152.46.

Other equities analysts also recently issued research reports about the company. Barrington Research increased their price objective on Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Benchmark increased their price objective on Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Wedbush began coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Finally, William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, February 26th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $155.50.

Insider Transactions at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the 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 represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director H Eugene Lockhart sold 12,500 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 18,542 shares of company stock valued at $2,642,736. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings 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 worth $58,512,000 after buying an additional 121,371 shares in the last quarter. TI Trust Inc. bought a new stake in Huron Consulting Group in the 4th quarter worth about $12,197,000. Franklin Resources Inc. increased its holdings in Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after buying an additional 67,239 shares in the last quarter. Norges Bank bought a new stake in Huron Consulting Group in the 4th quarter worth about $7,427,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Huron Consulting Group in the 3rd quarter worth about $6,336,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Price Performance

The firm has a fifty day moving average of $128.59 and a 200 day moving average of $118.95. The company has a market capitalization of $2.61 billion, a P/E ratio of 32.15 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. On average, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.