Huron Consulting Group (NASDAQ:HURN) Shares Gap Down to $112.93

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) gapped down before the market opened on Wednesday . The stock had previously closed at $112.93, but opened at $106.85. Huron Consulting Group shares last traded at $105.47, with a volume of 3,216 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on HURN. Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Huron Consulting Group in a research note on Thursday, May 23rd. StockNews.com cut Huron Consulting Group from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Barrington Research reiterated an “outperform” rating and set a $133.00 price target on shares of Huron Consulting Group in a report on Tuesday, May 28th. Finally, Truist Financial restated a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.75.

Huron Consulting Group Stock Down 3.4 %

The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 32.38 and a beta of 0.61. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a 50 day simple moving average of $99.39 and a 200-day simple moving average of $97.70.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.20. Huron Consulting Group had a return on equity of 20.19% and a net margin of 5.46%. The company had revenue of $371.70 million during the quarter, compared to analyst estimates of $374.33 million. During the same period last year, the company posted $1.38 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts forecast that Huron Consulting Group Inc. will post 5.94 EPS for the current fiscal year.

Insider Activity

In other news, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $89.00, for a total transaction of $26,700.00. Following the sale, the director now owns 57,988 shares of the company’s stock, valued at $5,160,932. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $89.00, for a total value of $26,700.00. Following the sale, the director now owns 57,988 shares of the company’s stock, valued at approximately $5,160,932. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the sale, the chief executive officer now directly owns 85,081 shares in the company, valued at approximately $8,566,805.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,872 shares of company stock worth $3,601,300. 2.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HURN. Principal Securities Inc. bought a new stake in Huron Consulting Group in the 4th quarter valued at $25,000. Covestor Ltd boosted its position in shares of Huron Consulting Group by 26,500.0% during the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 265 shares in the last quarter. International Assets Investment Management LLC bought a new position in Huron Consulting Group in the fourth quarter worth approximately $42,000. Quest Partners LLC bought a new position in Huron Consulting Group in the fourth quarter worth approximately $97,000. Finally, Headlands Technologies LLC raised its stake in shares of Huron Consulting Group by 2,020.0% in the fourth quarter. Headlands Technologies LLC now owns 954 shares of the business services provider’s stock worth $98,000 after purchasing an additional 909 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

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.