Huron Consulting Group Inc. (HURN) Shares Down 1.4%
Huron Consulting Group Inc. (NASDAQ:HURN) dropped 1.4% during trading on Monday . The stock traded as low as $63.25 and last traded at $63.37, with a volume of 68,456 shares traded. The stock had previously closed at $64.25.
HURN has been the subject of several research analyst reports. Zacks Investment Research raised shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Barrington Research raised their target price on shares of Huron Consulting Group from $65.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, March 28th. Finally, Deutsche Bank AG raised their target price on shares of Huron Consulting Group from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, March 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Huron Consulting Group presently has an average rating of “Hold” and a consensus price target of $70.00.
The firm has a market capitalization of $1.35 billion and a P/E ratio of 22.36. The stock has a 50-day moving average of $60.61 and a 200 day moving average of $57.21.
Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. During the same quarter in the prior year, the firm posted $0.23 EPS. The business earned $180.50 million during the quarter, compared to the consensus estimate of $174.41 million. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Equities research analysts anticipate that Huron Consulting Group Inc. will post $3.34 earnings per share for the current year.
In related news, Director John S. Moody sold 441 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $60.83, for a total value of $26,826.03. Following the sale, the director now owns 20,564 shares in the company, valued at $1,250,908.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have made changes to their positions in HURN. Dimensional Fund Advisors LP boosted its stake in shares of Huron Consulting Group by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 967,482 shares of the company’s stock valued at $57,468,000 after buying an additional 65,395 shares in the last quarter. Eagle Asset Management boosted its position in Huron Consulting Group by 96.0% in the third quarter. Eagle Asset Management now owns 585,984 shares of the company’s stock worth $36,640,000 after buying an additional 286,951 shares during the period. American Capital Management Inc. boosted its position in Huron Consulting Group by 0.9% in the fourth quarter. American Capital Management Inc. now owns 161,681 shares of the company’s stock worth $9,604,000 after buying an additional 1,433 shares during the period. California State Teachers Retirement System boosted its position in Huron Consulting Group by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,953 shares of the company’s stock worth $2,551,000 after buying an additional 752 shares during the period. Finally, Rhumbline Advisers boosted its position in Huron Consulting Group by 3.3% in the fourth quarter. Rhumbline Advisers now owns 37,420 shares of the company’s stock worth $2,223,000 after buying an additional 1,190 shares during the period.
Huron Consulting Group Inc is a professional services firm focused on assisting clients with their business issues by delivering solutions to support their strategic objectives. The Company’s segments are Huron Healthcare, which provides advisory, consulting and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals and physician practices; Huron Education and Life Sciences, which provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries; Huron Business Advisory, which provides services to the C-suite of middle market and organizations, institutions, law firms, investment banks and private equity firms, and All Other, which consists of any line of business not managed by its other operating segments.
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