Huron Consulting Group (NASDAQ:HURN) Reaches New 52-Week High - Still a Buy?

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $118.98 and last traded at $118.98, with a volume of 11237 shares trading hands. The stock had previously closed at $115.07.

Analyst Ratings Changes

Several brokerages have recently issued reports on HURN. Barrington Research raised their target price on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an "outperform" rating in a research note on Monday. StockNews.com raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Benchmark reaffirmed a "buy" rating and issued a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $133.00.

Huron Consulting Group Stock Up 2.7 %

The firm's 50 day moving average is $107.63 and its two-hundred day moving average is $100.97. The firm has a market cap of $2.10 billion, a P/E ratio of 25.70 and a beta of 0.60. The company has a current ratio of 1.61, a quick ratio of 1.93 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. During the same quarter last year, the firm earned $1.39 EPS. Huron Consulting Group's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that Huron Consulting Group Inc. will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total transaction of $106,919.62. Following the sale, the director now directly owns 30,924 shares in the company, valued at approximately $3,173,111.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $103.13, for a total transaction of $412,520.00. Following the sale, the chief executive officer now directly owns 81,081 shares in the company, valued at approximately $8,361,883.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total transaction of $106,919.62. Following the completion of the sale, the director now owns 30,924 shares in the company, valued at $3,173,111.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,348 shares of company stock valued at $1,081,897 in the last 90 days. 2.02% of the stock is owned by insiders.

Institutional Trading of Huron Consulting Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd raised its holdings in shares of Huron Consulting Group by 26,500.0% in the first quarter. Covestor Ltd now owns 266 shares of the business services provider's stock valued at $26,000 after purchasing an additional 265 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Huron Consulting Group in the second quarter valued at approximately $28,000. Assetmark Inc. raised its holdings 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 valued at $149,000 after purchasing an additional 90 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Huron Consulting Group by 800.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider's stock valued at $174,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Dakota Wealth Management acquired a new stake in shares of Huron Consulting Group in the second quarter valued at approximately $219,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.