Brokerages Set Huron Consulting Group Inc. (NASDAQ:HURN) PT at $171.50

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $171.50.

A number of research analysts have weighed in on HURN shares. Wall Street Zen cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Barrington Research lifted their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th.

Huron Consulting Group Trading Up 1.9%

Shares of Huron Consulting Group stock opened at $147.73 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a fifty day moving average price of $140.11 and a 200 day moving average price of $139.86. Huron Consulting Group has a 1 year low of $102.94 and a 1 year high of $155.00. The stock has a market cap of $2.56 billion, a PE ratio of 25.78 and a beta of 0.29.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.10. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The company had revenue of $402.50 million during the quarter, compared to analysts’ expectations of $402.67 million. During the same quarter in the previous year, the company earned $1.68 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Equities research analysts predict that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Activity

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $146.30, for a total value of $292,600.00. Following the completion of the transaction, the director owned 39,304 shares of the company’s stock, valued at approximately $5,750,175.20. The trade was a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO James Ronald Dail sold 1,421 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $150.00, for a total transaction of $213,150.00. Following the sale, the chief operating officer directly owned 39,608 shares of the company’s stock, valued at $5,941,200. This represents a 3.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,888 shares of company stock worth $1,378,690 over the last three months. Corporate insiders own 2.15% of the company’s stock.

Institutional Trading of Huron Consulting Group

Institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Huron Consulting Group by 149.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider’s stock worth $172,079,000 after acquiring an additional 719,199 shares during the last quarter. Nuveen LLC acquired a new position in Huron Consulting Group during the first quarter worth about $38,511,000. BloombergSen Inc. acquired a new position in Huron Consulting Group during the second quarter worth about $32,157,000. Franklin Resources Inc. boosted its position in Huron Consulting Group by 27.5% during the second quarter. Franklin Resources Inc. now owns 610,908 shares of the business services provider’s stock worth $84,024,000 after acquiring an additional 131,620 shares during the last quarter. Finally, SG Capital Management LLC acquired a new position in Huron Consulting Group during the second quarter worth about $14,860,000. 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.