Huron Consulting Group (NASDAQ:HURN) Sets New 1-Year High - What's Next?

Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $153.85 and last traded at $148.42, with a volume of 272422 shares. The stock had previously closed at $152.46.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HURN shares. Truist Financial reaffirmed a "buy" rating and set a $165.00 price target (up previously from $140.00) on shares of Huron Consulting Group in a research note on Wednesday, February 26th. Wedbush began coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. Barrington Research lifted their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Benchmark increased their price objective on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, February 26th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $151.75.

Huron Consulting Group Price Performance

The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 32.27 and a beta of 0.59. The company has a 50-day moving average price of $127.53 and a 200-day moving average price of $118.35. 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 earnings results on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.52 by $0.38. The firm had revenue of $399.31 million during 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%. On average, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the 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 sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total value of $247,380.00. Following the sale, the director now directly owns 50,534 shares in the company, valued at approximately $6,250,550.46. This represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,042 shares of company stock valued at $2,814,571. 2.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its position in Huron Consulting Group by 10.5% in the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider's stock valued at $281,000 after acquiring an additional 246 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Huron Consulting Group by 2.5% in the third quarter. Asset Management One Co. Ltd. now owns 58,259 shares of the business services provider's stock valued at $6,333,000 after purchasing an additional 1,398 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Huron Consulting Group by 4.7% during the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock worth $41,308,000 after buying an additional 17,146 shares during the period. Olympiad Research LP bought a new position in shares of Huron Consulting Group during the third quarter worth about $299,000. Finally, Assetmark Inc. raised its position in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider's stock valued at $149,000 after buying an additional 90 shares during the last quarter. 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.

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