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

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BidaskClub upgraded shares of Huron Consulting Group (NASDAQ:HURN) from a hold rating to a buy rating in a research report sent to investors on Friday, BidAskClub reports.

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

Shares of NASDAQ HURN opened at $53.90 on Friday. Huron Consulting Group has a 1-year low of $43.30 and a 1-year high of $57.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a fifty day moving average of $50.79. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.67 and a beta of -0.04.

Huron Consulting Group (NASDAQ:HURN) last issued its 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. Huron Consulting Group had a return on equity of 9.44% and a net margin of 2.27%. The firm had revenue of $204.45 million for the quarter, compared to analyst estimates of $199.92 million. During the same period last year, the company earned $0.19 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts predict that Huron Consulting Group will post 2.38 earnings per share for the current year.

In other news, CEO James H. Roth sold 17,500 shares of the 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 completion of the transaction, the chief executive officer now owns 189,212 shares of the company’s stock, valued at $9,352,749.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George Massaro sold 547 shares of the 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 transaction, the director now directly owns 21,999 shares of the company’s stock, valued at approximately $1,100,389.98. The disclosure for this sale can be found here. Corporate insiders own 2.86% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Martingale Asset Management L P grew its position in Huron Consulting Group by 18.8% in the first 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 in the last quarter. Mcclain Value Management LLC lifted its stake in Huron Consulting Group by 3.9% in the first quarter. Mcclain Value Management LLC now owns 60,277 shares of the business services provider’s stock worth $2,846,000 after purchasing an additional 2,256 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in Huron Consulting Group by 207.7% in the first quarter. Rice Hall James & Associates LLC now owns 13,359 shares of the business services provider’s stock worth $631,000 after purchasing an additional 9,018 shares during the last quarter. SG Americas Securities LLC bought a new stake in Huron Consulting Group in the first quarter worth $271,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Huron Consulting Group by 55.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,427 shares of the business services provider’s stock worth $67,000 after purchasing an additional 509 shares during the last quarter. 88.14% of the stock is owned by 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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