William Blair Reaffirms "Outperform" Rating for Huron Consulting Group (NASDAQ:HURN)

Huron Consulting Group (NASDAQ:HURN - Get Free Report)'s stock had its "outperform" rating restated by analysts at William Blair in a note issued to investors on Wednesday,RTT News reports.

HURN has been the subject of a number of other research reports. Truist Financial upped their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Benchmark reissued a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday. Barrington Research lifted their target price on Huron Consulting Group from $142.00 to $167.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Wedbush upped their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $169.25.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN traded down $0.41 during midday trading on Wednesday, hitting $142.30. 201,937 shares of the stock were exchanged, compared to its average volume of 132,610. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $153.85. The stock has a market cap of $2.52 billion, a P/E ratio of 30.93 and a beta of 0.53. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $136.15 and a 200-day moving average price of $123.71.

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

Insider Activity

In other news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total transaction of $247,380.00. Following the sale, the director now directly owns 50,534 shares of the company's stock, valued at approximately $6,250,550.46. The trade was a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Mccartney sold 500 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the completion of the transaction, the director now owns 56,688 shares in the company, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,781 shares of company stock worth $11,722,822. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of Huron Consulting Group

Several institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in Huron Consulting Group by 61.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock valued at $1,488,000 after buying an additional 4,550 shares in the last quarter. Wellington Management Group LLP lifted its stake in Huron Consulting Group by 29.1% during the third 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 last quarter. Franklin Resources Inc. lifted its stake in Huron Consulting Group by 20.5% during the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock worth $42,306,000 after purchasing an additional 67,239 shares during the last quarter. Atom Investors LP acquired a new position in Huron Consulting Group in the third quarter worth $1,159,000. Finally, Aigen Investment Management LP bought a new stake in Huron Consulting Group during the fourth quarter valued at $211,000. 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.