Huron Consulting Group (NASDAQ:HURN) Sees Large Volume Increase - Should You Buy?

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) saw unusually-high trading volume on Monday . Approximately 351,859 shares were traded during mid-day trading, an increase of 144% from the previous session's volume of 143,971 shares.The stock last traded at $138.30 and had previously closed at $141.50.

Analyst Ratings Changes

A number of brokerages recently commented on HURN. William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Benchmark reaffirmed a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wedbush lifted their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. 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. Finally, Barrington Research reiterated an "outperform" rating and set a $167.00 target price on shares of Huron Consulting Group in a research report on Thursday, March 27th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $169.25.

Huron Consulting Group Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The business's 50-day moving average is $141.69 and its two-hundred day moving average is $128.14. The stock has a market capitalization of $2.41 billion, a PE ratio of 29.21 and a beta of 0.37.

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 analysts' consensus estimates of $1.52 by $0.38. The business had revenue of $399.31 million for the quarter, compared to analysts' expectations 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, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $125.15, for a total value of $130,406.30. Following the completion of the sale, the director now directly owns 24,672 shares of the company's stock, valued at approximately $3,087,700.80. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now owns 81,118 shares of the company's stock, valued at $11,835,927.38. The trade was a 25.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,781 shares of company stock worth $11,484,452 in the last three months. Corporate insiders own 2.15% of the company's stock.

Hedge Funds Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in shares of Huron Consulting Group in the first quarter valued at $35,000. Heck Capital Advisors LLC acquired a new position in Huron Consulting Group in the 4th quarter worth $33,000. Tower Research Capital LLC TRC boosted its position in Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after buying an additional 122 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Huron Consulting Group during the first quarter valued at about $114,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Huron Consulting Group during the first quarter worth about $203,000. 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.