Benchmark Raises Huron Consulting Group (NASDAQ:HURN) Price Target to $215.00

Huron Consulting Group (NASDAQ:HURN) had its price target raised by investment analysts at Benchmark from $180.00 to $215.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Benchmark’s target price indicates a potential upside of 19.47% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Truist Financial lifted their price objective on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $199.00.

Huron Consulting Group Stock Performance

Shares of NASDAQ HURN traded up $1.76 during midday trading on Wednesday, reaching $179.96. 41,909 shares of the company traded hands, compared to its average volume of 190,336. The stock has a 50-day moving average price of $165.34 and a 200 day moving average price of $147.35. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 30.14 and a beta of 0.18. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.44. Huron Consulting Group has a 52 week low of $120.25 and a 52 week high of $182.71.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.24. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. The company had revenue of $441.28 million during the quarter, compared to analyst estimates of $418.13 million. During the same period in the prior year, the business posted $1.68 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. Sell-side analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ekta Singh-Bushell sold 1,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $178.55, for a total value of $178,550.00. Following the transaction, the director owned 14,341 shares in the company, valued at $2,560,585.55. This represents a 6.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $164.57, for a total transaction of $329,140.00. Following the completion of the sale, the director owned 35,304 shares of the company’s stock, valued at approximately $5,809,979.28. The trade was a 5.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 25,970 shares of company stock valued at $4,232,162. 2.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Huron Consulting Group by 149.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider’s stock worth $172,079,000 after purchasing an additional 719,199 shares during the period. Boston Partners grew its holdings in shares of Huron Consulting Group by 17.0% during the 3rd quarter. Boston Partners now owns 888,045 shares of the business services provider’s stock worth $130,803,000 after purchasing an additional 129,073 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Huron Consulting Group by 0.5% during the third quarter. Franklin Resources Inc. now owns 614,248 shares of the business services provider’s stock valued at $90,153,000 after purchasing an additional 3,340 shares during the period. Jennison Associates LLC lifted its position in Huron Consulting Group by 17.4% in the second quarter. Jennison Associates LLC now owns 581,397 shares of the business services provider’s stock worth $79,965,000 after purchasing an additional 86,069 shares during the period. Finally, Sunriver Management LLC boosted its stake in Huron Consulting Group by 19.5% during the third quarter. Sunriver Management LLC now owns 451,985 shares of the business services provider’s stock worth $66,338,000 after buying an additional 73,774 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

About Huron Consulting Group

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.