Huron Consulting Group (NASDAQ:HURN) Rating Increased to Buy at BidaskClub

Huron Consulting Group (NASDAQ:HURN) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday, BidAskClub reports.

Other equities research analysts have also recently issued reports about the company. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Benchmark reissued a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of SPS Commerce in a report on Thursday, May 2nd. Finally, Barrington Research dropped their target price on CBS from $72.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $57.75.

Shares of HURN stock opened at $53.60 on Friday. The stock has a market capitalization of $1.23 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.67 and a beta of -0.04. The business has a fifty day moving average price of $50.52. Huron Consulting Group has a twelve month low of $43.30 and a twelve month high of $57.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.58.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.07. The company had revenue of $204.45 million for the quarter, compared to analysts’ expectations of $199.92 million. Huron Consulting Group had a return on equity of 9.44% and a net margin of 2.27%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. As a group, equities research analysts predict that Huron Consulting Group will post 2.38 earnings per share for the current year.

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

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Huron Consulting Group by 22.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 317 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Huron Consulting Group by 55.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,427 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 509 shares in the last quarter. Investors Research Corp bought a new position in shares of Huron Consulting Group during the first quarter valued at $47,000. Stone Ridge Asset Management LLC lifted its holdings in shares of Huron Consulting Group by 45.1% during the fourth quarter. Stone Ridge Asset Management LLC now owns 6,367 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 1,979 shares in the last quarter. Finally, Mcclain Value Management LLC lifted its holdings in shares of Huron Consulting Group by 3.9% during the first quarter. Mcclain Value Management LLC now owns 60,277 shares of the business services provider’s stock valued at $2,846,000 after purchasing an additional 2,256 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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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