Huron Consulting Group Inc. (NASDAQ:HURN) Director John Mccartney Sells 500 Shares

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total value of $62,325.00. Following the transaction, the director now owns 56,688 shares of the company's stock, valued at $7,066,159.20. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN traded down $3.57 during trading on Monday, reaching $121.09. 81,279 shares of the company's stock traded hands, compared to its average volume of 76,826. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $131.06. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.15 billion, a PE ratio of 26.32 and a beta of 0.60. The company has a 50-day simple moving average of $122.27 and a 200-day simple moving average of $111.45.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.11. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $370.00 million for the quarter, compared to analysts' expectations of $377.63 million. During the same period last year, the firm earned $1.39 EPS. The company's quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors have recently bought and sold shares of the company. Quest Partners LLC boosted its holdings in Huron Consulting Group by 131.9% in the 3rd quarter. Quest Partners LLC now owns 13,814 shares of the business services provider's stock worth $1,502,000 after buying an additional 7,858 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Huron Consulting Group by 29.1% in the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider's stock worth $58,512,000 after buying an additional 121,371 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock worth $42,306,000 after buying an additional 67,239 shares during the last quarter. Atom Investors LP acquired a new stake in Huron Consulting Group in the 3rd quarter worth about $1,159,000. Finally, Victory Capital Management Inc. boosted its holdings in Huron Consulting Group by 435.2% in the 2nd quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider's stock worth $6,370,000 after buying an additional 52,589 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HURN. Benchmark reiterated a "buy" rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Barrington Research lifted their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $133.00.

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.