Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 500 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the completion of the transaction, the director now owns 56,688 shares of the company’s stock, valued at $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Huron Consulting Group Price Performance

NASDAQ:HURN traded down $3.57 during midday trading on Monday, hitting $121.09. 81,279 shares of the stock were exchanged, compared to its average volume of 75,441. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $131.06. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 26.32 and a beta of 0.60. The business has a 50-day moving average price of $121.93 and a two-hundred day moving average price of $111.18. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $370.00 million for the quarter, compared to analysts’ expectations of $377.63 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Jennison Associates LLC increased its holdings in shares of Huron Consulting Group by 5.7% in the third quarter. Jennison Associates LLC now owns 574,006 shares of the business services provider’s stock valued at $62,394,000 after buying an additional 31,123 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Huron Consulting Group by 29.1% in the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after buying an additional 121,371 shares in the last quarter. State Street Corp increased its holdings in shares of Huron Consulting Group by 2.1% in the third quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after buying an additional 8,972 shares in the last quarter. Franklin Resources Inc. grew its position in Huron Consulting Group by 20.5% during the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after purchasing an additional 67,239 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Huron Consulting Group by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock worth $41,308,000 after purchasing an additional 17,146 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HURN. Barrington Research lifted their target price on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $133.00.

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.