Huron Consulting Group (NASDAQ:HURN) Earns Buy Rating from Benchmark

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy” rating restated by equities researchers at Benchmark in a note issued to investors on Monday, Benzinga reports. They currently have a $140.00 price objective on the business services provider’s stock. Benchmark’s target price indicates a potential upside of 41.77% from the company’s current price.

Several other research analysts also recently issued reports on the company. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Barrington Research reissued an “outperform” rating and issued a $133.00 price target on shares of Huron Consulting Group in a report on Tuesday, May 28th. Finally, Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.75.

Huron Consulting Group Price Performance

HURN stock traded up $0.25 during midday trading on Monday, hitting $98.75. 18,401 shares of the stock were exchanged, compared to its average volume of 135,952. The stock’s 50-day moving average price is $91.59 and its 200-day moving average price is $96.94. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 28.62 and a beta of 0.61. Huron Consulting Group has a fifty-two week low of $77.99 and a fifty-two week high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $0.88 by $0.35. The business had revenue of $355.96 million for the quarter, compared to analyst estimates of $348.80 million. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS. Research analysts predict that Huron Consulting Group will post 5.83 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In other news, Director John Mccartney sold 1,259 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $95.38, for a total transaction of $120,083.42. Following the completion of the sale, the director now directly owns 57,988 shares of the company’s stock, valued at approximately $5,530,895.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 1,859 shares of company stock worth $173,801. 2.20% of the stock is owned by company insiders.

Institutional Trading of Huron Consulting Group

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Huron Consulting Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock valued at $200,378,000 after buying an additional 25,905 shares during the period. Boston Partners lifted its position in shares of Huron Consulting Group by 36.6% during the first quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock worth $88,994,000 after purchasing an additional 247,218 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Huron Consulting Group by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock valued at $40,163,000 after purchasing an additional 5,304 shares in the last quarter. American Century Companies Inc. increased its stake in Huron Consulting Group by 36.0% during the 3rd quarter. American Century Companies Inc. now owns 233,224 shares of the business services provider’s stock worth $24,293,000 after buying an additional 61,777 shares during the period. Finally, Norges Bank purchased a new position in Huron Consulting Group in the 4th quarter valued at about $14,460,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.