Huron Consulting Group (NASDAQ:HURN) Sets New 12-Month High – Here’s What Happened

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price hit a new 52-week high on Wednesday . The company traded as high as $155.00 and last traded at $149.80, with a volume of 175868 shares changing hands. The stock had previously closed at $153.20.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Truist Financial upped their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. StockNews.com cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Wedbush upped their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 26th. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Finally, Benchmark reiterated a “buy” rating and set a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.75.

Huron Consulting Group Stock Up 1.0%

The company’s fifty day moving average price is $143.41 and its 200-day moving average price is $132.34. The stock has a market cap of $2.55 billion, a P/E ratio of 32.18 and a beta of 0.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.16 by $0.52. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. Equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $133.63, for a total transaction of $66,815.00. Following the transaction, the director now owns 51,621 shares of the company’s stock, valued at approximately $6,898,114.23. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James H. Roth sold 8,641 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total transaction of $1,230,305.58. Following the transaction, the director now directly owns 47,638 shares in the company, valued at $6,782,698.44. This trade represents a 15.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,239 shares of company stock valued at $11,168,801 in the last 90 days. Company insiders own 2.15% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HURN. Nuveen LLC purchased a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $38,511,000. TI Trust Inc. purchased a new position in shares of Huron Consulting Group in the 4th quarter worth approximately $12,197,000. Driehaus Capital Management LLC purchased a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $13,822,000. Algert Global LLC grew its position in shares of Huron Consulting Group by 657.0% in the 1st quarter. Algert Global LLC now owns 80,965 shares of the business services provider’s stock worth $11,614,000 after buying an additional 70,270 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Huron Consulting Group by 16.4% in the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after buying an additional 64,862 shares during the last quarter. 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.