Huron Consulting Group’s (HURN) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Huron Consulting Group (NASDAQ:HURN) in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a $140.00 target price on the business services provider’s stock.

HURN has been the topic of several other reports. Barrington Research increased their price target on Huron Consulting Group from $128.00 to $133.00 and gave the company an outperform rating in a report on Wednesday, March 6th. StockNews.com cut Huron Consulting Group from a buy rating to a hold rating in a research report on Wednesday, February 28th.

Huron Consulting Group Price Performance

NASDAQ HURN opened at $86.32 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.32 and a current ratio of 2.40. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 24.88 and a beta of 0.59. The stock has a 50-day moving average of $95.07 and a 200 day moving average of $100.28. Huron Consulting Group has a one year low of $70.66 and a one year high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.35. The firm had revenue of $355.96 million during the quarter, compared to analyst estimates of $348.80 million. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 earnings per share. On average, sell-side analysts forecast that Huron Consulting Group will post 5.68 EPS for the current year.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.48, for a total value of $417,920.00. Following the completion of the sale, the chief executive officer now owns 98,286 shares in the company, valued at $10,268,921.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO C. Mark Hussey sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $104.48, for a total transaction of $417,920.00. Following the completion of the transaction, the chief executive officer now directly owns 98,286 shares in the company, valued at approximately $10,268,921.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ernest W. Jr. Torain sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $100.00, for a total transaction of $65,000.00. Following the sale, the executive vice president now owns 15,050 shares in the company, valued at approximately $1,505,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,380 shares of company stock valued at $3,966,654. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Semanteon Capital Management LP purchased a new position in Huron Consulting Group during the 4th quarter valued at approximately $1,166,000. Jump Financial LLC purchased a new stake in Huron Consulting Group during the third quarter valued at $583,000. Acadian Asset Management LLC bought a new position in Huron Consulting Group during the third quarter valued at $872,000. American Century Companies Inc. lifted its position in Huron Consulting Group by 36.0% during the third quarter. American Century Companies Inc. now owns 233,224 shares of the business services provider’s stock valued at $24,293,000 after purchasing an additional 61,777 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Huron Consulting Group by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,053,491 shares of the business services provider’s stock worth $213,892,000 after buying an additional 128,274 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.