Insider Selling: Huron Consulting Group (NASDAQ:HURN) CEO Sells $1,100,750.00 in Stock
Huron Consulting Group (NASDAQ:HURN) CEO James H. Roth sold 17,500 shares of Huron Consulting Group stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $62.90, for a total value of $1,100,750.00. Following the completion of the sale, the chief executive officer now directly owns 189,795 shares of the company’s stock, valued at $11,938,105.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of HURN stock opened at $62.05 on Thursday. The firm’s 50 day moving average price is $59.63 and its two-hundred day moving average price is $51.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.59 and a current ratio of 0.59. Huron Consulting Group has a 52-week low of $44.78 and a 52-week high of $64.39. The stock has a market cap of $1.42 billion, a PE ratio of 29.83, a PEG ratio of 1.84 and a beta of -0.07.
Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, July 30th. The business services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.60 by $0.16. The company had revenue of $220.80 million during the quarter, compared to analysts’ expectations of $205.51 million. Huron Consulting Group had a net margin of 2.76% and a return on equity of 10.01%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, sell-side analysts predict that Huron Consulting Group will post 2.5 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on HURN. Zacks Investment Research raised Huron Consulting Group from a “hold” rating to a “strong-buy” rating and set a $70.00 price target on the stock in a research note on Friday, August 2nd. Benchmark set a $60.00 price objective on Huron Consulting Group and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BidaskClub cut Huron Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. TheStreet raised Huron Consulting Group from a “c” rating to a “b” rating in a report on Wednesday, July 31st. Finally, SunTrust Banks upped their target price on shares of Huron Consulting Group to $74.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $68.00.
About Huron Consulting Group
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
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