Huron Consulting Group (NASDAQ:HURN) Given New $180.00 Price Target at Truist Financial

Huron Consulting Group (NASDAQ:HURN) had its price objective boosted by analysts at Truist Financial from $165.00 to $180.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price points to a potential upside of 24.17% from the stock’s current price.

A number of other brokerages have also commented on HURN. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, February 26th. Benchmark lifted their target price on Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Barrington Research increased their price target on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Wedbush started coverage on Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group currently has an average rating of “Buy” and a consensus target price of $155.50.

Huron Consulting Group Stock Down 2.3 %

Shares of Huron Consulting Group stock traded down $3.46 during trading on Tuesday, reaching $144.96. The stock had a trading volume of 123,573 shares, compared to its average volume of 135,962. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 31.44 and a beta of 0.59. Huron Consulting Group has a 52 week low of $84.26 and a 52 week high of $153.85. The stock has a fifty day moving average price of $128.09 and a two-hundred day moving average price of $118.65.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. Sell-side analysts predict that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the sale, the director now directly owns 56,688 shares of the company’s stock, valued at approximately $7,066,159.20. The trade was a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total value of $247,400.00. Following the completion of the sale, the director now directly owns 52,825 shares of the company’s stock, valued at approximately $6,534,452.50. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,042 shares of company stock worth $2,814,571. Corporate insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC boosted its holdings in Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after acquiring an additional 27,329 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Huron Consulting Group by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock worth $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Sunriver Management LLC boosted its holdings in Huron Consulting Group by 10.7% during the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after purchasing an additional 46,968 shares during the last quarter. Franklin Resources Inc. grew its position in Huron Consulting Group by 16.4% in the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after purchasing an additional 64,862 shares in the last quarter. Finally, State Street Corp increased its stake in Huron Consulting Group by 2.1% in the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after buying an additional 8,972 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

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.