Huron Consulting Group (NASDAQ:HURN) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $116.21 and traded as high as $131.05. Huron Consulting Group shares last traded at $128.54, with a volume of 93,165 shares trading hands.

Analyst Upgrades and Downgrades

HURN has been the subject of a number of recent analyst reports. StockNews.com upgraded Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Barrington Research lifted their price target 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. Wedbush initiated coverage on Huron Consulting Group in a report on Monday, February 3rd. They set an "outperform" rating on the stock. Finally, Benchmark restated a "buy" rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $133.00.

Huron Consulting Group Stock Performance

The stock's 50-day moving average price is $125.08 and its 200 day moving average price is $116.39. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $2.30 billion, a P/E ratio of 28.16 and a beta of 0.59.

Insider Activity at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total value of $252,060.00. Following the sale, the director now owns 48,534 shares in the company, valued at approximately $6,116,740.02. This represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mccartney sold 500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the transaction, the director now directly owns 56,688 shares in the company, valued at $7,066,159.20. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,584 shares of company stock valued at $1,067,539. 2.02% of the stock is owned by insiders.

Institutional Trading of Huron Consulting Group

Several institutional investors have recently modified their holdings of HURN. Dakota Wealth Management lifted its holdings in Huron Consulting Group by 4.0% during the 4th quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider's stock worth $280,000 after buying an additional 87 shares during the period. Assetmark Inc. lifted its stake in shares of Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider's stock worth $149,000 after acquiring an additional 90 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Huron Consulting Group by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider's stock worth $228,000 after acquiring an additional 96 shares during the period. Andina Capital Management LLC increased its position in Huron Consulting Group by 3.4% during the 4th quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider's stock valued at $410,000 after purchasing an additional 107 shares during the period. Finally, Martingale Asset Management L P increased its position in Huron Consulting Group by 0.5% during the 3rd quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider's stock valued at $2,226,000 after purchasing an additional 110 shares during the period. Institutional investors 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.