Huron Consulting Group’s (HURN) Buy Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of Huron Consulting Group (NASDAQ:HURN) in a report released on Wednesday morning, Benzinga reports. Benchmark currently has a $140.00 target price on the business services provider’s stock.

Other research analysts have also recently issued reports about the stock. Barrington Research reiterated an “outperform” rating and issued a $137.00 target price on shares of Huron Consulting Group in a research note on Monday, September 9th. StockNews.com raised Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $131.75.

Huron Consulting Group Stock Performance

HURN stock opened at $115.07 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.04 billion, a PE ratio of 25.02 and a beta of 0.60. The business has a 50 day moving average of $107.63 and a 200-day moving average of $100.84. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $118.10.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The firm had revenue of $370.00 million during the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. As a group, sell-side analysts expect that Huron Consulting Group will post 6.11 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 4,000 shares of Huron Consulting Group stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $103.13, for a total value of $412,520.00. Following the completion of the transaction, the chief executive officer now directly owns 81,081 shares in the company, valued at approximately $8,361,883.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $103.13, for a total transaction of $412,520.00. Following the sale, the chief executive officer now owns 81,081 shares in the company, valued at $8,361,883.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the transaction, the director now owns 28,840 shares of the company’s stock, valued at approximately $3,122,506.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,348 shares of company stock worth $1,081,897. 2.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. increased its holdings in Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after acquiring an additional 90 shares during the period. Olympiad Research LP bought a new position in Huron Consulting Group in the 3rd quarter valued at $299,000. Principal Financial Group Inc. grew its position in shares of Huron Consulting Group by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock valued at $41,308,000 after purchasing an additional 17,146 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Huron Consulting Group by 2.5% in the third quarter. Asset Management One Co. Ltd. now owns 58,259 shares of the business services provider’s stock worth $6,333,000 after purchasing an additional 1,398 shares during the period. Finally, Andina Capital Management LLC raised its position in shares of Huron Consulting Group by 4.5% in the third quarter. Andina Capital Management LLC now owns 3,189 shares of the business services provider’s stock worth $347,000 after buying an additional 137 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other 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.