Huron Consulting Group (NASDAQ:HURN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $154.90 and traded as high as $170.00. Huron Consulting Group shares last traded at $169.22, with a volume of 135,810 shares.

Analyst Ratings Changes

Several analysts have recently commented on HURN shares. Truist Financial raised their price objective on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Benchmark increased their target price on shares of Huron Consulting Group from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Wedbush lifted their price target on shares of Huron Consulting Group from $165.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huron Consulting Group in a research report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Huron Consulting Group has a consensus rating of “Buy” and an average target price of $215.50.

Huron Consulting Group Stock Performance

The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 28.35 and a beta of 0.11. The company’s fifty day simple moving average is $174.77 and its two-hundred day simple moving average is $154.90. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.44.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.24. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. The company had revenue of $441.28 million for the quarter, compared to analyst estimates of $418.13 million. During the same quarter in the prior year, the business posted $1.68 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. On average, analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity

In other news, Director Ekta Singh-Bushell sold 1,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $178.55, for a total value of $178,550.00. Following the completion of the sale, the director directly owned 14,341 shares of the company’s stock, valued at $2,560,585.55. This represents a 6.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO James Ronald Dail sold 662 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $170.11, for a total value of $112,612.82. Following the transaction, the chief operating officer directly owned 30,355 shares in the company, valued at approximately $5,163,689.05. The trade was a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,458 shares of company stock worth $2,212,726. Company insiders own 2.15% of the company’s stock.

Institutional Trading of Huron Consulting Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Huron Consulting Group by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock worth $1,501,000 after purchasing an additional 469 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Huron Consulting Group by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock worth $28,538,000 after buying an additional 68,891 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Huron Consulting Group during the 1st quarter worth approximately $6,313,000. Intech Investment Management LLC boosted its stake in shares of Huron Consulting Group by 28.1% in the 1st quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock worth $1,587,000 after buying an additional 2,425 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Huron Consulting Group by 174.4% in the first quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock valued at $481,000 after acquiring an additional 2,136 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.