Huron Consulting Group's (HURN) Buy Rating Reaffirmed at Truist Financial

Huron Consulting Group (NASDAQ:HURN - Get Free Report)'s stock had its "buy" rating restated by research analysts at Truist Financial in a note issued to investors on Wednesday,Benzinga reports. They currently have a $165.00 price target on the business services provider's stock, up from their previous price target of $140.00. Truist Financial's target price indicates a potential upside of 8.23% from the stock's current price.

Several other research firms have also commented on HURN. Barrington Research upped their price target on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Benchmark reissued a "buy" rating and set a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, October 30th. StockNews.com raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Wedbush started coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an "outperform" rating for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $151.75.

Huron Consulting Group Stock Up 1.9 %

NASDAQ HURN traded up $2.88 on Wednesday, reaching $152.46. 243,800 shares of the stock traded hands, compared to its average volume of 133,049. Huron Consulting Group has a 12 month low of $84.26 and a 12 month high of $153.77. The company has a fifty day moving average price of $127.53 and a 200-day moving average price of $118.15. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 33.14 and a beta of 0.59. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.38. The firm had revenue of $399.31 million for 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%. As a group, research analysts forecast that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total transaction of $247,400.00. Following the completion of the sale, the director now owns 52,825 shares of the company's stock, valued at $6,534,452.50. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Eugene Lockhart sold 12,500 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the sale, the director now directly owns 12,172 shares of the company's stock, valued at approximately $1,825,800. This trade represents a 50.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,084 shares of company stock valued at $2,942,539 over the last quarter. 2.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in Huron Consulting Group in the fourth quarter valued at $33,000. Tower Research Capital LLC TRC lifted its holdings in Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after buying an additional 122 shares during the last quarter. Assetmark Inc. lifted 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 buying an additional 90 shares during the last quarter. Xponance Inc. purchased a new stake in Huron Consulting Group during the 4th quarter worth about $204,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Huron Consulting Group in the 4th quarter valued at about $204,000. 93.90% of the stock is owned by institutional investors and hedge funds.

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.