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

Huron Consulting Group Inc. (NASDAQ:HURN) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $190.25.

HURN has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Benchmark increased their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Barrington Research lifted their target price on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Truist Financial upped their price target 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. Finally, Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st.

Huron Consulting Group Trading Up 2.6%

Shares of HURN opened at $170.52 on Friday. Huron Consulting Group has a twelve month low of $118.25 and a twelve month high of $174.26. The firm has a market capitalization of $2.94 billion, a P/E ratio of 28.56 and a beta of 0.18. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.18. The stock’s fifty day simple moving average is $157.86 and its 200 day simple moving average is $144.63.

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

Insider Buying and Selling

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $164.57, for a total value of $329,140.00. Following the completion of the transaction, the director owned 35,304 shares in the company, valued at $5,809,979.28. This represents a 5.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mccartney sold 6,500 shares of the business’s stock in a transaction 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 transaction, the director directly owned 43,317 shares in the company, valued at approximately $6,993,096.48. The trade was a 13.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 24,308 shares of company stock valued at $3,941,000. Corporate insiders own 2.15% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its stake in Huron Consulting Group by 68.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock valued at $29,000 after buying an additional 79 shares in the last quarter. Clearstead Advisors LLC boosted its stake 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 purchasing an additional 94 shares in the last quarter. Quarry LP bought a new stake in shares of Huron Consulting Group in the 1st quarter worth about $31,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Huron Consulting Group during the 3rd quarter worth about $35,000. Finally, Advisory Services Network LLC bought a new position in Huron Consulting Group during the 3rd quarter valued at about $36,000. 93.90% of the stock is owned by hedge funds and other 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.