Huron Consulting Group (NASDAQ:HURN) Given “Buy” Rating at Truist Financial

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy” rating reissued by investment analysts at Truist Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $165.00 target price on the business services provider’s stock, up from their previous target price of $140.00. Truist Financial’s price objective would indicate a potential upside of 31.65% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Barrington Research raised their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, Wedbush initiated coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Five 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 $139.25.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $125.33 on Wednesday. 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 has a twelve month low of $84.26 and a twelve month high of $133.96. The company has a fifty day moving average of $125.75 and a 200-day moving average of $117.37. The firm has a market capitalization of $2.22 billion, a P/E ratio of 27.25 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. The business had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. As a group, sell-side analysts anticipate that Huron Consulting Group will post 6.1 EPS for the current year.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total transaction of $247,400.00. Following the sale, the director now owns 52,825 shares in the company, valued at $6,534,452.50. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $122.81, for a total value of $127,968.02. Following the transaction, the director now owns 26,756 shares in the company, valued at $3,285,904.36. This trade represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,584 shares of company stock valued at $1,067,539. 2.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group in the fourth quarter worth about $33,000. Tower Research Capital LLC TRC grew its position in Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after acquiring an additional 122 shares during the last quarter. Assetmark Inc. increased its stake in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the period. Cibc World Markets Corp bought a new stake in Huron Consulting Group in the fourth quarter valued at approximately $204,000. Finally, Xponance Inc. purchased a new stake in shares of Huron Consulting Group during the fourth quarter valued at approximately $204,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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.