Huron Consulting Group (NASDAQ:HURN) Price Target Raised to $165.00 at Benchmark

Huron Consulting Group (NASDAQ:HURN - Get Free Report) had its target price hoisted by analysts at Benchmark from $140.00 to $165.00 in a research report issued 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 8.23% from the stock's current price.

A number of other research analysts have also commented on the company. Truist Financial reaffirmed a "buy" rating and issued a $165.00 price objective (up from $140.00) on shares of Huron Consulting Group in a report on Wednesday. Wedbush assumed coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. StockNews.com upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Barrington Research upped their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $151.75.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock traded up $2.88 during trading on Wednesday, hitting $152.46. 243,800 shares of the stock were exchanged, compared to its average volume of 133,049. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 33.14 and a beta of 0.59. The company has a fifty day moving average price of $127.53 and a 200-day moving average price of $118.15. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $153.77. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $399.31 million during the quarter, compared to analysts' expectations of $380.62 million. As a group, equities analysts predict that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Activity

In other news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total transaction of $247,400.00. Following the transaction, the director now owns 52,825 shares in the company, valued at approximately $6,534,452.50. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $122.81, for a total transaction of $127,968.02. Following the transaction, the director now owns 26,756 shares in the company, valued at approximately $3,285,904.36. This trade represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,084 shares of company stock valued at $2,942,539 over the last quarter. 2.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC lifted its position in shares of Huron Consulting Group by 131.9% in the 3rd quarter. Quest Partners LLC now owns 13,814 shares of the business services provider's stock worth $1,502,000 after purchasing an additional 7,858 shares during the period. 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 purchasing an additional 121,371 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Huron Consulting Group by 61.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock worth $1,488,000 after acquiring an additional 4,550 shares during the period. Franklin Resources Inc. grew its holdings in Huron Consulting Group by 20.5% during the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock worth $42,306,000 after acquiring an additional 67,239 shares during the period. Finally, Atom Investors LP acquired a new stake in Huron Consulting Group during the 3rd quarter worth about $1,159,000. Institutional investors and hedge funds own 93.90% of the company's stock.

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.