Wedbush Issues Positive Forecast for Huron Consulting Group (NASDAQ:HURN) Stock Price

Huron Consulting Group (NASDAQ:HURN - Get Free Report) had its target price raised by research analysts at Wedbush from $150.00 to $165.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Wedbush's price objective indicates a potential upside of 15.95% from the stock's previous close.

A number of other research firms have also weighed in on HURN. Barrington Research increased their price objective on Huron Consulting Group from $142.00 to $167.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Truist Financial raised their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Benchmark reaffirmed a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday. Finally, William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a research note on Monday, March 10th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $169.25.

Huron Consulting Group Price Performance

Shares of HURN stock traded down $0.41 during trading hours on Wednesday, hitting $142.30. 201,937 shares of the company's stock were exchanged, compared to its average volume of 132,610. The company has a market capitalization of $2.52 billion, a PE 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. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $153.85. The business's 50 day simple moving average is $136.15 and its 200-day simple moving average is $123.71.

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Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $380.62 million. On average, equities research analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Transactions at Huron Consulting Group

In other news, Director James H. Roth sold 8,641 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total value of $1,230,305.58. Following the completion of the transaction, the director now owns 47,638 shares in the company, valued at $6,782,698.44. This trade represents a 15.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the sale, the director now owns 56,688 shares in the company, valued at $7,066,159.20. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,781 shares of company stock valued at $11,722,822. Company insiders own 2.02% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Huron Consulting Group during the third quarter valued at approximately $457,000. Intech Investment Management LLC purchased a new stake in shares of Huron Consulting Group in the 3rd quarter worth approximately $328,000. Dynamic Technology Lab Private Ltd bought a new position in Huron Consulting Group during the 3rd quarter valued at approximately $879,000. Quantbot Technologies LP raised its stake in Huron Consulting Group by 6,174.4% during the third quarter. Quantbot Technologies LP now owns 10,541 shares of the business services provider's stock valued at $1,146,000 after buying an additional 10,373 shares during the last quarter. Finally, FMR LLC boosted its holdings in Huron Consulting Group by 32.4% in the third quarter. FMR LLC now owns 21,394 shares of the business services provider's stock worth $2,326,000 after acquiring an additional 5,230 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.