Huron Consulting Group (NASDAQ:HURN) Posts Earnings Results

Huron Consulting Group (NASDAQ:HURN) released its earnings results on Tuesday. The business services provider reported $2.17 EPS for the quarter, beating the consensus estimate of $1.94 by $0.23, FiscalAI reports. The company had revenue of $441.96 million during the quarter, compared to analysts’ expectations of $433.57 million. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.

Huron Consulting Group Stock Performance

NASDAQ HURN traded down $0.80 on Tuesday, hitting $126.36. The stock had a trading volume of 353,262 shares, compared to its average volume of 288,646. The company’s 50-day moving average is $166.89 and its two-hundred day moving average is $157.06. Huron Consulting Group has a one year low of $120.25 and a one year high of $186.77. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 21.17 and a beta of 0.08. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.18.

Analyst Upgrades and Downgrades

HURN has been the topic of a number of recent analyst reports. Benchmark upped their target price on shares of Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Truist Financial lifted their target price on Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Wedbush upped their price target on Huron Consulting Group from $165.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, Barrington Research raised their price objective on Huron Consulting Group from $190.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $215.50.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $168.77, for a total transaction of $84,385.00. Following the sale, the director owned 41,817 shares of the company’s stock, valued at $7,057,455.09. The trade was a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $164.57, for a total transaction of $329,140.00. Following the completion of the transaction, the director owned 35,304 shares of the company’s stock, valued at $5,809,979.28. This represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,958 shares of company stock worth $837,371 over the last quarter. Insiders own 2.15% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HURN. Xponance LLC acquired a new stake in shares of Huron Consulting Group during the fourth quarter worth $236,000. Perbak Capital Partners LLP acquired a new stake in Huron Consulting Group during the 3rd quarter worth about $231,000. Smartleaf Asset Management LLC lifted its stake in Huron Consulting Group by 5,365.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the business services provider’s stock valued at $220,000 after buying an additional 1,234 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Huron Consulting Group by 173.3% in the fourth quarter. Principal Securities Inc. now owns 1,241 shares of the business services provider’s stock worth $215,000 after buying an additional 787 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new position in Huron Consulting Group in the 2nd quarter worth approximately $211,000. Institutional investors own 93.90% of the company’s stock.

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.