H Eugene Lockhart Sells 1,042 Shares of Huron Consulting Group Inc. (NASDAQ:HURN) Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total transaction of $114,078.16. Following the completion of the sale, the director now directly owns 29,882 shares of the company’s stock, valued at approximately $3,271,481.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

H Eugene Lockhart also recently made the following trade(s):

• On Thursday, August 8th, H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock. The stock was sold at an average price of $102.61, for a total transaction of $106,919.62.

Huron Consulting Group Trading Down 2.6 %

NASDAQ:HURN opened at $104.45 on Friday. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $115.65. The business’s 50-day simple moving average is $105.49 and its 200 day simple moving average is $98.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 30.10 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, July 30th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The company had revenue of $371.70 million for the quarter, compared to analyst estimates of $374.33 million. During the same period in the prior year, the company posted $1.38 EPS. Huron Consulting Group’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HURN shares. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Huron Consulting Group in a research note on Thursday, May 23rd. Barrington Research boosted their price target on Huron Consulting Group from $133.00 to $137.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, July 31st. Finally, Truist Financial restated a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a research note on Thursday, May 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Huron Consulting Group presently has an average rating of “Moderate Buy” and an average price target of $131.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Boston Partners increased its position in shares of Huron Consulting Group by 36.6% in the 1st quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock worth $88,994,000 after purchasing an additional 247,218 shares during the last quarter. Norges Bank bought a new stake in Huron Consulting Group in the fourth quarter valued at about $14,460,000. F M Investments LLC bought a new stake in Huron Consulting Group in the second quarter valued at about $10,202,000. William Blair Investment Management LLC acquired a new stake in Huron Consulting Group during the second quarter valued at approximately $9,533,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Huron Consulting Group by 240.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider’s stock worth $13,426,000 after buying an additional 96,308 shares during the last quarter. 93.90% of the stock is currently owned by 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.