Huron Consulting Group Inc. (HURN) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Huron Consulting Group Inc. (NASDAQ:HURN) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $66.00 price target on the stock.
According to Zacks, “Huron Consulting Group Inc. is the parent company of Huron Consulting Services LLC, an independent provider of financial and operational consulting services. Huron’s experienced and credentialed professionals employ their expertise in accounting, finance, economics and operations to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations and the law firms that represent these various organizations. “
Separately, Barrington Research lifted their target price on shares of Huron Consulting Group from $67.00 to $69.00 and gave the stock an outperform rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $68.33.
Shares of Huron Consulting Group (NASDAQ:HURN) opened at 59.12 on Wednesday. The firm’s 50-day moving average is $61.54 and its 200-day moving average is $59.81. Huron Consulting Group has a 1-year low of $43.35 and a 1-year high of $65.03. The company has a market cap of $1.25 billion, a PE ratio of 21.75 and a beta of 0.53.
Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.29. Huron Consulting Group had a net margin of 7.22% and a return on equity of 13.17%. The business had revenue of $184.26 million for the quarter, compared to analysts’ expectations of $186.50 million. During the same period last year, the business earned $1.14 EPS. The company’s revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that Huron Consulting Group will post $3.42 earnings per share for the current fiscal year.
In other Huron Consulting Group news, Director George Massaro sold 969 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $63.27, for a total transaction of $61,308.63. Following the completion of the sale, the director now directly owns 18,290 shares in the company, valued at approximately $1,157,208.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diane E. Ratekin sold 3,000 shares of Huron Consulting Group stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $61.59, for a total transaction of $184,770.00. Following the sale, the executive vice president now owns 22,681 shares of the company’s stock, valued at $1,396,922.79. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. DIAM Co. Ltd. boosted its stake in shares of Huron Consulting Group by 5.3% in the second quarter. DIAM Co. Ltd. now owns 29,599 shares of the company’s stock valued at $1,733,000 after buying an additional 1,479 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Huron Consulting Group by 1.9% in the first quarter. Teachers Advisors Inc. now owns 34,228 shares of the company’s stock valued at $1,992,000 after buying an additional 650 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Huron Consulting Group by 3.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,665 shares of the company’s stock valued at $283,000 after buying an additional 154 shares during the last quarter. Alambic Investment Management L.P. boosted its stake in shares of Huron Consulting Group by 48.8% in the second quarter. Alambic Investment Management L.P. now owns 6,100 shares of the company’s stock valued at $369,000 after buying an additional 2,000 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of Huron Consulting Group during the second quarter valued at approximately $30,231,000. Institutional investors and hedge funds own 93.09% of the company’s stock.
About Huron Consulting Group
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.
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