Huron Consulting Group (NASDAQ:HURN) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Huron Consulting Group (NASDAQ:HURN) in a report issued on Monday, Briefing.com Automated Import reports. The firm currently has a $68.00 price target on the business services provider’s stock, up from their prior price target of $57.00.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Huron Consulting Group from a hold rating to a strong-buy rating and set a $70.00 target price on the stock in a research note on Friday. BidaskClub upgraded shares of Huron Consulting Group from a buy rating to a strong-buy rating in a research note on Friday, July 19th. SunTrust Banks set a $66.00 target price on shares of Huron Consulting Group and gave the stock a buy rating in a research note on Wednesday, July 31st. TheStreet upgraded shares of Huron Consulting Group from a c rating to a b rating in a research note on Wednesday, July 31st. Finally, ValuEngine upgraded shares of Huron Consulting Group from a hold rating to a buy rating in a research note on Wednesday, May 1st. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $66.00.

Shares of NASDAQ:HURN opened at $56.79 on Monday. The company has a market cap of $1.34 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.73 and a beta of -0.07. Huron Consulting Group has a 12 month low of $44.78 and a 12 month high of $64.39. The firm’s 50-day moving average price is $53.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.59 and a quick ratio of 0.59.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.60 by $0.16. The company had revenue of $220.80 million for the quarter, compared to the consensus estimate of $205.51 million. Huron Consulting Group had a net margin of 2.76% and a return on equity of 10.01%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. As a group, analysts predict that Huron Consulting Group will post 2.5 earnings per share for the current fiscal year.

In other Huron Consulting Group news, Director George Massaro sold 547 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $50.02, for a total value of $27,360.94. Following the transaction, the director now directly owns 21,999 shares in the company, valued at approximately $1,100,389.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James H. Roth sold 17,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $49.43, for a total transaction of $865,025.00. Following the completion of the transaction, the chief executive officer now owns 189,212 shares in the company, valued at $9,352,749.16. The disclosure for this sale can be found here. 2.86% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of HURN. Eagle Boston Investment Management Inc. lifted its position in shares of Huron Consulting Group by 32.6% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 8,148 shares of the business services provider’s stock worth $410,000 after buying an additional 2,005 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in Huron Consulting Group by 28.0% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 15,100 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 3,300 shares during the last quarter. Swiss National Bank raised its position in Huron Consulting Group by 2.2% in the 2nd quarter. Swiss National Bank now owns 42,000 shares of the business services provider’s stock valued at $2,116,000 after purchasing an additional 900 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Huron Consulting Group by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,076 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 372 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its position in Huron Consulting Group by 5.4% in the 2nd quarter. Rice Hall James & Associates LLC now owns 14,076 shares of the business services provider’s stock valued at $709,000 after purchasing an additional 717 shares during the last quarter. Institutional investors and hedge funds own 89.03% of the company’s stock.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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