Huron Consulting Group Inc. (NASDAQ:HURN) Insider Sells $88,617.40 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) insider Kyle Featherstone sold 820 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $108.07, for a total value of $88,617.40. Following the completion of the transaction, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Huron Consulting Group Stock Down 1.0 %

NASDAQ HURN traded down $1.08 on Tuesday, hitting $103.64. 39,767 shares of the stock traded hands, compared to its average volume of 142,399. The company has a current ratio of 1.93, a quick ratio of 2.40 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $99.82 and a 200 day moving average of $97.64. The company has a market capitalization of $1.87 billion, a P/E ratio of 29.97 and a beta of 0.61. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.48 by $0.20. The firm had revenue of $371.70 million for the quarter, compared to analysts’ expectations of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.38 EPS. As a group, analysts expect that Huron Consulting Group Inc. will post 5.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HURN. Truist Financial reissued a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Thursday, May 16th. Barrington Research increased their price target on Huron Consulting Group from $133.00 to $137.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com raised Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday. Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, July 31st. Finally, Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Huron Consulting Group in a report on Thursday, May 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Institutional Investors Weigh In On Huron Consulting Group

Several large investors have recently modified their holdings of HURN. Vanguard Group Inc. boosted its position in shares of Huron Consulting Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock worth $200,378,000 after buying an additional 25,905 shares during the period. Boston Partners boosted its position in shares of Huron Consulting Group by 36.6% in the first quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock worth $88,994,000 after buying an additional 247,218 shares during the period. Principal Financial Group Inc. boosted its position in shares of Huron Consulting Group by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock worth $40,163,000 after buying an additional 5,304 shares during the period. Leeward Investments LLC MA boosted its position in shares of Huron Consulting Group by 5.6% in the second quarter. Leeward Investments LLC MA now owns 222,630 shares of the business services provider’s stock worth $21,929,000 after buying an additional 11,902 shares during the period. Finally, Norges Bank acquired a new stake in shares of Huron Consulting Group in the fourth quarter worth $14,460,000. 93.90% of the stock is 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.