T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Huron Consulting Group Inc. (NASDAQ:HURN). This fresh investment now brings its stake to 5.00% valued currently at $72.28 million. In addition, Jennison Associates LLC raised its holdings by 0.27 million to 0.86 million shares.
With over 0.14 million Huron Consulting Group Inc. (HURN) shares trading Tuesday and a closing price of $69.50 on the day, the dollar volume was approximately $9.56 million. The shares have shown a positive half year performance of 7.02% and its price on 01/24/23 gained nearly 2.36%. Currently, there are 20.11M common shares owned by the public and among those 19.52M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for HURN have a consensus price objective of $88.00. The analysts have set the share’s price value over the next 12 months at a high of $90.00 and a low of $85.00. The average price target is 21.02% above its recent price level and an upside to the estimated low will see the stock gain 18.24% over that period. But an upside of 22.78% will see the stock hit the forecast high price target while median target price for the stock is $89.00.
Insiders at the company have transacted a total of 53 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 148,185 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 118,721 shares.
The top 3 mutual fund holders in Huron Consulting Group Inc. are Vanguard Total Stock Market Index, CS Invt. Fds. 2 -, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market Index owns 0.6 million shares of the company’s stock, all valued at over $43.9 million. The company sold 21912.0 shares recently to bring their total holdings to about 3.03% of the shares outstanding. Vanguard Small Cap Index Fund sold 22776.0 shares to bring its total holdings to over 0.51 million shares at a value of $37.28 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.58% of the shares outstanding.
Shares of Huron Consulting Group Inc. (NASDAQ: HURN) opened at $67.99, up $0.09 from a prior closing price of $67.90. However, the script later moved the day high at 69.71, up 2.36%. The company’s stock has a 5-day price change of -3.49% and -3.47% over the past three months. HURN shares are trading -4.27% year to date (YTD), with the 12-month market performance up to 50.30% higher. It has a 12-month low price of $42.66 and touched a high of $80.72 over the same period. HURN has an average intraday trading volume of 100.86K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.76%, -5.32%, and 5.16% respectively.
Institutional ownership of Huron Consulting Group Inc. (NASDAQ: HURN) shares accounts for 97.60% of the company’s 20.11M shares outstanding. Mutual fund holders own 40.72%, while other institutional holders and individual stakeholders account for 55.81% and 17.39% respectively.
It has a market capitalization of $1.37B and a beta (3y monthly) value of 0.59. The stock’s trailing 12-month PE ratio is 16.41, while the earnings-per-share (ttm) stands at $4.23. The company has a PEG of 1.22 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.52% over the week and 2.97% over the month.
Analysts forecast that Huron Consulting Group Inc. (HURN) will achieve an EPS of $0.99 for the current quarter, $0.96 for the next quarter and $3.91 for 2023. The lowest estimate earnings-per-share for the quarter is $0.95 while analysts give the company a high EPS estimate of $1.02. Comparatively, EPS for the current quarter was $0.78 a year ago. Earnings per share for the fiscal year are expected to increase by 366.50%, and 20.30% over the next financial year. EPS should grow at an annualized rate of 13.50% over the next five years, compared to 9.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Huron Consulting Group Inc. (HURN) as a “Strong Buy” at a consensus score of 1.50. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HURN, a number of firms have released research notes about the stock. The Benchmark Company stated their Buy rating for the stock in a research note on December 18, 2020, with the firm’s price target at $64. Barrington Research was of a view on August 05, 2019 that the stock is Outperform, while The Benchmark Company gave the stock Buy rating on May 02, 2019, issuing a price target of $56- $58. The Benchmark Company on their part issued Buy rating on September 18, 2018.