Huron Consulting Group Inc. (NASDAQ:HURN) Director John Mccartney Sells 300 Shares

Huron Consulting Group Inc. (NASDAQ:HURN) Director John Mccartney sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $90.06, for a total value of $27,018.00. Following the completion of the sale, the director now directly owns 56,319 shares of the company’s stock, valued at $5,072,089.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Mccartney also recently made the following trade(s):

• On Monday, April 1st, John Mccartney sold 300 shares of Huron Consulting Group stock. The shares were sold at an average price of $96.38, for a total value of $28,914.00.
• On Friday, March 1st, John Mccartney sold 300 shares of Huron Consulting Group stock. The stock was sold at an average price of $98.13, for a total transaction of $29,439.00.

Huron Consulting Group Price Performance

NASDAQ:HURN opened at $86.32 on Monday. Huron Consulting Group Inc. has a 52 week low of $70.66 and a 52 week high of $113.31. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.32 and a current ratio of 2.40. The firm’s 50-day simple moving average is $95.07 and its 200 day simple moving average is $100.24. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 24.88 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.35. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The firm had revenue of $355.96 million for the quarter, compared to analyst estimates of $348.80 million. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 5.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HURN shares. Benchmark restated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, May 1st. Barrington Research boosted their price objective on Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, StockNews.com lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

Hedge Funds Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Huron Consulting Group by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,053,491 shares of the business services provider’s stock worth $213,892,000 after purchasing an additional 128,274 shares in the last quarter. Jennison Associates LLC grew its stake in Huron Consulting Group by 7.3% during the third quarter. Jennison Associates LLC now owns 885,714 shares of the business services provider’s stock worth $92,256,000 after buying an additional 60,418 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Huron Consulting Group by 1.4% in the 4th quarter. Principal Financial Group Inc. now owns 390,687 shares of the business services provider’s stock valued at $40,163,000 after buying an additional 5,304 shares during the period. American Century Companies Inc. raised its position in shares of Huron Consulting Group by 36.0% in the 3rd quarter. American Century Companies Inc. now owns 233,224 shares of the business services provider’s stock valued at $24,293,000 after buying an additional 61,777 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Huron Consulting Group by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 196,221 shares of the business services provider’s stock worth $20,438,000 after acquiring an additional 696 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

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.