Barrington Research Reaffirms Outperform Rating for Huron Consulting Group (NASDAQ:HURN)

Barrington Research reaffirmed their outperform rating on shares of Huron Consulting Group (NASDAQ:HURN) in a research note issued to investors on Monday morning, Benzinga reports. Barrington Research currently has a $133.00 price objective on the business services provider’s stock. Barrington Research also issued estimates for Huron Consulting Group’s Q2 2024 earnings at $1.47 EPS, Q3 2024 earnings at $1.59 EPS, Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $5.85 EPS and FY2025 earnings at $6.80 EPS.

Several other research analysts have also commented on HURN. Benchmark reissued a buy rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, May 1st. StockNews.com lowered Huron Consulting Group from a buy rating to a hold rating in a report on Wednesday, February 28th.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $87.09 on Monday. 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 market capitalization of $1.57 billion, a P/E ratio of 25.10 and a beta of 0.59. Huron Consulting Group has a one year low of $76.17 and a one year high of $113.31. The business has a fifty day moving average price of $94.14 and a 200-day moving average price of $99.97.

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

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.13, for a total value of $29,439.00. Following the completion of the sale, the director now owns 56,919 shares in the company, valued at $5,585,461.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.13, for a total value of $29,439.00. Following the completion of the sale, the director now directly owns 56,919 shares of the company’s stock, valued at approximately $5,585,461.47. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C. Mark Hussey sold 1,765 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $100.12, for a total transaction of $176,711.80. Following the completion of the sale, the chief executive officer now owns 121,728 shares of the company’s stock, valued at $12,187,407.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,380 shares of company stock worth $3,966,654. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its stake in shares of Huron Consulting Group by 71.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,338 shares of the business services provider’s stock worth $902,000 after buying an additional 3,900 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Huron Consulting Group by 6.0% in the 1st quarter. ProShare Advisors LLC now owns 3,342 shares of the business services provider’s stock worth $323,000 after purchasing an additional 188 shares during the last quarter. SG Americas Securities LLC boosted its stake in Huron Consulting Group by 518.6% in the 1st quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider’s stock worth $1,212,000 after purchasing an additional 10,512 shares in the last quarter. Quantbot Technologies LP grew its position in Huron Consulting Group by 28.9% during the 1st quarter. Quantbot Technologies LP now owns 9,444 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 2,116 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Huron Consulting Group by 800.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 1,600 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.