Huron Consulting Group (NASDAQ:HURN) Given New $165.00 Price Target at Benchmark

Huron Consulting Group (NASDAQ:HURN) had its target price increased by research analysts at Benchmark from $140.00 to $165.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Benchmark’s price objective suggests a potential upside of 10.04% from the stock’s previous close.

Several other research firms have also recently weighed in on HURN. Truist Financial reiterated a “buy” rating and issued a $165.00 price target (up previously from $140.00) on shares of Huron Consulting Group in a report on Wednesday. Barrington Research increased their price target on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Wedbush started coverage on Huron Consulting Group in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $145.50.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $149.94 on Wednesday. The firm has a market cap of $2.66 billion, a PE ratio of 32.46 and a beta of 0.59. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The business has a 50 day moving average price of $125.75 and a 200-day moving average price of $117.37. Huron Consulting Group has a fifty-two week low of $84.26 and a fifty-two week high of $143.22.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.38. The company had revenue of $399.31 million for the quarter, compared to analysts’ expectations of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. Equities research analysts predict that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Activity

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total value of $247,400.00. Following the transaction, the director now directly owns 52,825 shares in the company, valued at approximately $6,534,452.50. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on 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 in the company, valued at $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,584 shares of company stock valued at $1,067,539 over the last three months. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently made changes to their positions in the business. Quest Partners LLC boosted its position in shares of Huron Consulting Group by 131.9% during the third quarter. Quest Partners LLC now owns 13,814 shares of the business services provider’s stock worth $1,502,000 after acquiring an additional 7,858 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after acquiring an additional 121,371 shares during the last quarter. Franklin Resources Inc. lifted its position in Huron Consulting Group by 20.5% during the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after purchasing an additional 67,239 shares during the last quarter. Atom Investors LP purchased a new stake in Huron Consulting Group during the third quarter valued at approximately $1,159,000. Finally, Natixis Advisors LLC lifted its position in Huron Consulting Group by 32.7% in the third quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider’s stock worth $2,019,000 after buying an additional 4,576 shares during the last quarter. 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.