Huron Consulting Group (NASDAQ:HURN) Downgraded by StockNews.com

Huron Consulting Group (NASDAQ:HURNGet Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

HURN has been the topic of several other research reports. Barrington Research raised their price target on shares of Huron Consulting Group from $120.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Truist Financial raised their price objective on shares of Huron Consulting Group from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 27th.

Check Out Our Latest Research Report on Huron Consulting Group

Huron Consulting Group Stock Down 12.5 %

Shares of HURN stock traded down $13.46 during trading hours on Wednesday, hitting $93.90. 339,217 shares of the company were exchanged, compared to its average volume of 95,733. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.53 and a current ratio of 1.53. Huron Consulting Group has a one year low of $70.56 and a one year high of $113.31. The business’s 50-day simple moving average is $103.39 and its two-hundred day simple moving average is $102.51. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 24.08 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURNGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.17. Huron Consulting Group had a net margin of 5.60% and a return on equity of 17.16%. The firm had revenue of $339.23 million for the quarter, compared to analyst estimates of $341.71 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. Huron Consulting Group’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that Huron Consulting Group will post 4.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $104.48, for a total value of $417,920.00. Following the completion of the sale, the chief executive officer now owns 98,286 shares in the company, valued at approximately $10,268,921.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO C. Mark Hussey sold 4,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $104.48, for a total transaction of $417,920.00. Following the transaction, the chief executive officer now owns 98,286 shares in the company, valued at approximately $10,268,921.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $103.22, for a total transaction of $206,440.00. Following the transaction, the director now owns 68,040 shares in the company, valued at approximately $7,023,088.80. The disclosure for this sale can be found here. Insiders sold a total of 16,538 shares of company stock worth $1,719,623 in the last quarter. 1.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Huron Consulting Group by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,053,491 shares of the business services provider’s stock worth $213,892,000 after acquiring an additional 128,274 shares during the period. Dimensional Fund Advisors LP raised its holdings in Huron Consulting Group by 57.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,621,725 shares of the business services provider’s stock worth $74,291,000 after acquiring an additional 589,297 shares during the period. Wellington Management Group LLP raised its holdings in Huron Consulting Group by 6.1% in the 1st quarter. Wellington Management Group LLP now owns 1,621,460 shares of the business services provider’s stock worth $74,279,000 after acquiring an additional 92,846 shares during the period. BlackRock Inc. raised its holdings in Huron Consulting Group by 1.5% in the 1st quarter. BlackRock Inc. now owns 1,407,911 shares of the business services provider’s stock worth $113,154,000 after acquiring an additional 20,642 shares during the period. Finally, Aristotle Capital Boston LLC raised its holdings in Huron Consulting Group by 2.2% in the 2nd quarter. Aristotle Capital Boston LLC now owns 941,584 shares of the business services provider’s stock worth $79,950,000 after acquiring an additional 20,095 shares during the period. Institutional investors own 92.43% of the company’s stock.

Huron Consulting Group Company Profile

(Get Free Report)

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 advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; financial advisory; software products; and digital solutions, spanning technology and analytic-related services to national and regional health systems, academic and community health systems, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.

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