Huron Consulting Group (NASDAQ:HURN) Stock Price Down 5% After Insider Selling

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report)'s share price was down 5% on Friday following insider selling activity. The company traded as low as $141.11 and last traded at $141.13. Approximately 189,076 shares were traded during trading, an increase of 55% from the average daily volume of 122,200 shares. The stock had previously closed at $148.55.

Specifically, Director James H. Roth sold 8,642 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $149.27, for a total value of $1,289,991.34. Following the completion of the sale, the director now directly owns 56,279 shares of the company's stock, valued at $8,400,766.33. This represents a 13.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HURN shares. Benchmark upped their price target on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Truist Financial boosted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Barrington Research raised their price objective on Huron Consulting Group from $142.00 to $167.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wedbush initiated coverage on shares of Huron Consulting Group in a report on Monday, February 3rd. They issued an "outperform" rating for the company. Finally, William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Monday, March 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $155.50.

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Huron Consulting Group Trading Up 2.3 %

The company has a 50 day moving average of $134.87 and a two-hundred day moving average of $122.77. The stock has a market capitalization of $2.58 billion, a PE ratio of 31.75 and a beta of 0.53. 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 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 analyst estimates of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. Sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HURN. Wellington Management Group LLP grew its stake in Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock worth $502,000 after purchasing an additional 121 shares during the period. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group in the fourth quarter valued at approximately $33,000. Voloridge Investment Management LLC acquired a new position in Huron Consulting Group in the 4th quarter worth approximately $3,059,000. Finally, Squarepoint Ops LLC raised its position in Huron Consulting Group by 355.5% during the 4th quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider's stock worth $2,218,000 after buying an additional 13,934 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

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.