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

Huron Consulting Group (NASDAQ:HURN) had its price objective upped by analysts at Wedbush from $150.00 to $165.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Wedbush’s target price indicates a potential upside of 15.62% from the company’s previous close.

HURN has been the subject of several other reports. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Truist Financial increased their price target on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Benchmark reissued a “buy” rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday. Finally, Barrington Research raised their target price on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $169.25.

Huron Consulting Group Stock Up 0.1 %

Shares of Huron Consulting Group stock opened at $142.71 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $153.85. The business’s fifty day moving average price is $135.84 and its two-hundred day moving average price is $123.33. The company has a market capitalization of $2.52 billion, a P/E ratio of 31.02 and a beta of 0.53.

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

Insider Buying and Selling at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now owns 81,118 shares in the company, valued at $11,835,927.38. This trade represents a 25.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James H. Roth sold 8,642 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total value of $1,289,991.34. Following the sale, the director now owns 56,279 shares in the company, valued at approximately $8,400,766.33. The trade was a 13.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,140 shares of company stock valued at $10,492,517. Corporate insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dakota Wealth Management lifted its position in shares of Huron Consulting Group by 4.0% in the 4th quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 87 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Huron Consulting Group by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 96 shares in the last quarter. Andina Capital Management LLC boosted its position in shares of Huron Consulting Group by 3.4% in the fourth quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider’s stock worth $410,000 after buying an additional 107 shares during the period. Martingale Asset Management L P grew its holdings in shares of Huron Consulting Group by 0.5% during the third quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider’s stock valued at $2,226,000 after buying an additional 110 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider’s stock valued at $502,000 after buying an additional 121 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.