Huron Consulting Group (NASDAQ:HURN) Price Target Raised to $165.00

Huron Consulting Group (NASDAQ:HURN) had its price objective lifted by Benchmark from $140.00 to $165.00 in a report published on Wednesday morning,Benzinga reports. Benchmark currently has a buy rating on the business services provider’s stock.

HURN has been the topic of a number of other reports. Truist Financial reaffirmed a “buy” rating and issued a $165.00 price target (up from $140.00) on shares of Huron Consulting Group in a research note on Wednesday. Barrington Research lifted their target price on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wedbush started coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Finally, StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $151.75.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock opened at $152.46 on Wednesday. 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 has a 52-week low of $84.26 and a 52-week high of $153.77. The company has a fifty day moving average of $126.92 and a 200-day moving average of $117.81. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 33.14 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 (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. The business had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Equities research analysts expect that Huron Consulting Group will post 6.1 EPS for the current year.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $122.81, for a total transaction of $127,968.02. Following the transaction, the director now directly owns 26,756 shares of the company’s stock, valued at approximately $3,285,904.36. The trade was a 3.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total transaction of $252,060.00. Following the completion of the transaction, the director now owns 48,534 shares of the company’s stock, valued at $6,116,740.02. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,084 shares of company stock worth $2,942,539 over the last quarter. 2.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HURN. Creative Planning boosted its position in shares of Huron Consulting Group by 10.5% during the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 246 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Huron Consulting Group by 2.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 58,259 shares of the business services provider’s stock valued at $6,333,000 after buying an additional 1,398 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Huron Consulting Group by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock worth $41,308,000 after buying an additional 17,146 shares during the period. Olympiad Research LP purchased a new stake in shares of Huron Consulting Group in the 3rd quarter worth about $299,000. Finally, Assetmark Inc. increased its stake in shares of 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 acquiring an additional 90 shares in 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.