Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) Director Debra Zumwalt sold 282 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $79.98, for a total value of $22,554.36. Following the transaction, the director now directly owns 23,642 shares in the company, valued at $1,890,887.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Huron Consulting Group Stock Performance
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Shares of NASDAQ:HURN traded down $0.89 during trading on Friday, hitting $79.57. 75,578 shares of the company were exchanged, compared to its average volume of 137,652. The company has a market cap of $1.53 billion, a PE ratio of 21.86 and a beta of 0.56. The stock has a 50 day moving average of $74.17 and a 200 day moving average of $72.80. Huron Consulting Group Inc. has a 52-week low of $48.91 and a 52-week high of $82.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.34.
Huron Consulting Group (NASDAQ:HURN – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.14. Huron Consulting Group had a return on equity of 12.56% and a net margin of 6.52%. The company had revenue of $313.71 million for the quarter, compared to the consensus estimate of $282.40 million. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was up 26.3% compared to the same quarter last year. As a group, equities research analysts predict that Huron Consulting Group Inc. will post 4.03 EPS for the current year.
Institutional Investors Weigh In On Huron Consulting Group
Institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC raised its position in Huron Consulting Group by 66.5% during the first quarter. MetLife Investment Management LLC now owns 11,540 shares of the business services provider’s stock valued at $529,000 after purchasing an additional 4,609 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Huron Consulting Group by 57.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,621,725 shares of the business services provider’s stock valued at $74,291,000 after purchasing an additional 589,297 shares in the last quarter. Sei Investments Co. raised its position in Huron Consulting Group by 10.4% during the first quarter. Sei Investments Co. now owns 168,536 shares of the business services provider’s stock valued at $7,735,000 after purchasing an additional 15,858 shares in the last quarter. Vanguard Group Inc. raised its position in Huron Consulting Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,041,969 shares of the business services provider’s stock valued at $93,542,000 after purchasing an additional 21,752 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Huron Consulting Group during the first quarter valued at about $68,000. Hedge funds and other institutional investors own 93.71% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on HURN shares. Barrington Research increased their price objective on Huron Consulting Group from $89.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, March 3rd. Benchmark reaffirmed a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of Huron Consulting Group in a report on Wednesday, March 1st. Truist Financial upped their target price on Huron Consulting Group from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 2nd. Finally, StockNews.com lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, March 18th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.00.
Huron Consulting Group Company Profile
Huron Consulting Group, Inc engages in the provision of technology, data, and analytics solutions. It operates through the following segments: Healthcare, Education, and Commercial. The Healthcare segment focuses on serving acute care providers including national and regional health systems, academic health systems, and community health systems, and public, children, and critical access hospitals, and non-acute care providers including physician practices and medical groups, payors, and long-term care or post-acute providers.
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