Brokerages Set Huron Consulting Group Inc. (NASDAQ:HURN) Target Price at $170.75

Huron Consulting Group Inc. (NASDAQ:HURN) has received a consensus rating of “Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $170.75.

HURN has been the topic of a number of recent research reports. Barrington Research boosted their price target on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $68,370.00. Following the transaction, the director directly owned 51,817 shares of the company’s stock, valued at $7,085,456.58. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Eugene Lockhart sold 1,040 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the sale, the director owned 8,162 shares of the company’s stock, valued at $1,116,071.88. This represents a 11.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,208 shares of company stock valued at $310,606. 2.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Huron Consulting Group during the 1st quarter worth $31,000. Opal Wealth Advisors LLC acquired a new position in Huron Consulting Group in the first quarter valued at about $35,000. Heck Capital Advisors LLC purchased a new position in Huron Consulting Group during the fourth quarter worth about $33,000. CWM LLC increased its position in shares of Huron Consulting Group by 55.9% during the first quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 146 shares during the last quarter. Finally, Vestcor Inc purchased a new stake in shares of Huron Consulting Group in the 1st quarter valued at approximately $60,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Trading Down 7.6%

Shares of Huron Consulting Group stock opened at $121.98 on Friday. The firm has a market capitalization of $2.10 billion, a PE ratio of 21.29 and a beta of 0.28. The firm’s 50-day moving average price is $136.45 and its 200 day moving average price is $138.33. Huron Consulting Group has a twelve month low of $101.73 and a twelve month high of $155.00. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.14.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a return on equity of 24.90% and a net margin of 6.60%. The firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. During the same period in the prior year, the company earned $1.68 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

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.