Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 1,042 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total value of $114,078.16. Following the sale, the director now directly owns 29,882 shares in the company, valued at approximately $3,271,481.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

H Eugene Lockhart also recently made the following trade(s):

• On Thursday, August 8th, H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock. The stock was sold at an average price of $102.61, for a total value of $106,919.62.

Huron Consulting Group Stock Performance

Huron Consulting Group stock traded down $0.81 during midday trading on Thursday, reaching $107.27. 9,013 shares of the company’s stock were exchanged, compared to its average volume of 135,362. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $115.65. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 31.15 and a beta of 0.61. The stock’s 50-day simple moving average is $105.18 and its 200 day simple moving average is $97.96.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The business had revenue of $371.70 million during the quarter, compared to analysts’ expectations of $374.33 million. During the same quarter last year, the company posted $1.38 earnings per share. Huron Consulting Group’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Huron Consulting Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in shares of Huron Consulting Group during the fourth quarter worth approximately $25,000. Covestor Ltd boosted its holdings in shares of Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after acquiring an additional 265 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Huron Consulting Group during the second quarter worth approximately $28,000. Quest Partners LLC bought a new stake in shares of Huron Consulting Group during the fourth quarter worth approximately $97,000. Finally, USA Financial Formulas boosted its holdings in shares of Huron Consulting Group by 3,273.3% during the fourth quarter. USA Financial Formulas now owns 1,012 shares of the business services provider’s stock worth $104,000 after acquiring an additional 982 shares during the period. Institutional investors own 93.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HURN. StockNews.com raised Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Truist Financial reaffirmed a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a research report on Thursday, May 16th. Barrington Research lifted their target price on Huron Consulting Group from $133.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Huron Consulting Group in a research report on Thursday, May 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Huron Consulting Group has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

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.