James H. Roth Sells 8,641 Shares of Huron Consulting Group Inc. (NASDAQ:HURN) Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth sold 8,641 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total value of $1,230,305.58. Following the completion of the transaction, the director now directly owns 47,638 shares in the company, valued at $6,782,698.44. This trade represents a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huron Consulting Group Stock Down 0.8 %

Shares of NASDAQ:HURN traded down $1.20 during midday trading on Friday, reaching $141.51. The company had a trading volume of 53,827 shares, compared to its average volume of 131,924. The stock has a market capitalization of $2.50 billion, a P/E ratio of 30.76 and a beta of 0.53. The stock’s fifty day moving average price is $135.84 and its 200-day moving average price is $123.33. 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 Inc. has a one year low of $84.26 and a one year high of $153.85.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. The company had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Equities research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Huron Consulting Group by 61.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider’s stock worth $1,488,000 after purchasing an additional 4,550 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Huron Consulting Group by 29.1% in the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after buying an additional 121,371 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after buying an additional 67,239 shares during the period. Atom Investors LP bought a new stake in shares of Huron Consulting Group during the 3rd quarter valued at about $1,159,000. Finally, Aigen Investment Management LP acquired a new stake in Huron Consulting Group during the fourth quarter worth about $211,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $167.00 target price on shares of Huron Consulting Group in a research note on Thursday. Benchmark reiterated a “buy” rating and set a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday. Truist Financial boosted their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Finally, Wedbush boosted their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group has an average rating of “Buy” and a consensus price target of $169.25.

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.