Huron Consulting Group (NASDAQ:HURN) Lifted to “Strong-Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Huron Consulting Group (NASDAQ:HURN) from a hold rating to a strong-buy rating in a report issued on Friday, Zacks.com reports. The firm currently has $70.00 target price on the business services provider’s 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. “

A number of other analysts have also recently weighed in on the stock. Barrington Research reiterated a buy rating and set a $57.00 price target on shares of Huron Consulting Group in a research note on Monday, May 6th. Benchmark reiterated a buy rating and set a $58.00 price target (up previously from $56.00) on shares of Huron Consulting Group in a research note on Thursday, May 2nd. ValuEngine upgraded shares of Huron Consulting Group from a hold rating to a buy rating in a research note on Wednesday, May 1st. Finally, BidaskClub upgraded shares of Huron Consulting Group from a buy rating to a strong-buy rating in a research note on Friday, July 19th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $66.00.

Shares of NASDAQ:HURN opened at $56.79 on Friday. The firm has a market cap of $1.31 billion, a PE ratio of 27.30, a P/E/G ratio of 1.73 and a beta of -0.07. The stock’s fifty day simple moving average is $53.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.58 and a current ratio of 0.59. Huron Consulting Group has a 1-year low of $44.78 and a 1-year high of $64.39.

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

In other news, Director George Massaro sold 547 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $50.02, for a total value of $27,360.94. Following the completion of the sale, the director now owns 21,999 shares in the company, valued at approximately $1,100,389.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 189,212 shares of the company’s stock, valued at approximately $9,352,749.16. The disclosure for this sale can be found here. 2.86% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Huron Consulting Group in the 4th quarter worth $27,585,000. Northern Trust Corp lifted its stake in shares of Huron Consulting Group by 3.2% in the 4th quarter. Northern Trust Corp now owns 330,103 shares of the business services provider’s stock worth $16,937,000 after acquiring an additional 10,138 shares during the period. Geode Capital Management LLC lifted its stake in shares of Huron Consulting Group by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 257,580 shares of the business services provider’s stock worth $13,216,000 after acquiring an additional 17,753 shares during the period. Millennium Management LLC lifted its stake in shares of Huron Consulting Group by 151.2% in the 4th quarter. Millennium Management LLC now owns 164,314 shares of the business services provider’s stock worth $8,431,000 after acquiring an additional 98,900 shares during the period. Finally, Martingale Asset Management L P lifted its stake in shares of Huron Consulting Group by 18.8% in the 1st quarter. Martingale Asset Management L P now owns 108,508 shares of the business services provider’s stock worth $5,125,000 after acquiring an additional 17,200 shares during the period. Institutional investors 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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