Huron Consulting Group Inc. (NASDAQ:HURN) Receives Average Rating of “Buy” from Brokerages

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have received an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is $190.25.

Several equities analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Benchmark boosted their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Finally, Barrington Research lifted their price target on Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th.

Huron Consulting Group Stock Up 0.0%

Shares of NASDAQ HURN opened at $165.01 on Friday. Huron Consulting Group has a one year low of $118.25 and a one year high of $174.26. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.99. The business’s fifty day moving average price is $155.54 and its 200-day moving average price is $144.08. The stock has a market capitalization of $2.84 billion, a PE ratio of 27.64 and a beta of 0.28.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.24. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The company had revenue of $441.28 million during the quarter, compared to analyst estimates of $418.13 million. During the same quarter last year, the firm posted $1.68 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. On average, equities research analysts anticipate that Huron Consulting Group will post 6.1 EPS for the current year.

Insider Buying and Selling at Huron Consulting Group

In other news, COO James Ronald Dail sold 7,824 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $169.53, for a total value of $1,326,402.72. Following the completion of the transaction, the chief operating officer directly owned 31,184 shares in the company, valued at approximately $5,286,623.52. This trade represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mccartney sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $161.44, for a total transaction of $1,049,360.00. Following the sale, the director directly owned 43,317 shares in the company, valued at $6,993,096.48. This trade represents a 13.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 24,308 shares of company stock valued at $3,872,885 in the last quarter. 2.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HURN. Richardson Financial Services Inc. increased its holdings in shares of Huron Consulting Group by 68.1% in the third quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock worth $29,000 after purchasing an additional 79 shares during the period. Clearstead Advisors LLC raised its holdings in shares of Huron Consulting Group by 86.2% in the 3rd quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 94 shares in the last quarter. Quarry LP purchased a new stake in shares of Huron Consulting Group in the 1st quarter valued at about $31,000. Brown Brothers Harriman & Co. bought a new stake in shares of Huron Consulting Group during the 3rd quarter valued at about $35,000. Finally, Advisory Services Network LLC purchased a new position in shares of Huron Consulting Group during the third quarter worth about $36,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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.