Huron Consulting Group’s (HURN) “Outperform” Rating Reaffirmed at Barrington Research

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research note issued on Thursday,Benzinga reports. They presently have a $167.00 target price on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 17.36% from the company’s current price.

A number of other brokerages have also recently issued reports on HURN. Benchmark reaffirmed a “buy” rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday. Truist Financial upped their price objective 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. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday. Finally, Wedbush upped their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group presently has an average rating of “Buy” and an average target price of $169.25.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $142.30 on Thursday. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $153.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $136.15 and its 200 day simple moving average is $123.59. The firm has a market capitalization of $2.52 billion, a PE ratio of 30.93 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last announced 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 company had revenue of $399.31 million for 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%. On average, analysts anticipate that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the transaction, the director now owns 56,688 shares of the company’s stock, valued at $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total transaction of $247,380.00. Following the sale, the director now directly owns 50,534 shares in the company, valued at $6,250,550.46. This trade represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,781 shares of company stock worth $11,722,822. Company insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

A number of hedge funds have recently added to or reduced their stakes in HURN. Jennison Associates LLC grew its position in shares of Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after buying an additional 27,329 shares during the period. Wellington Management Group LLP lifted its position in shares of Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock valued at $67,503,000 after acquiring an additional 4,946 shares during the period. Sunriver Management LLC boosted its stake in Huron Consulting Group by 10.7% during the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after acquiring an additional 46,968 shares in the last quarter. Franklin Resources Inc. grew its holdings in Huron Consulting Group by 16.4% in the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after purchasing an additional 64,862 shares during the period. Finally, State Street Corp increased its stake in Huron Consulting Group by 2.1% in the third quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after purchasing an additional 8,972 shares in the last quarter. 93.90% of the stock is currently owned by 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.