Insider Selling: Huron Consulting Group (NASDAQ:HURN) Director Sells 2,000 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director James Roth sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $164.57, for a total transaction of $329,140.00. Following the sale, the director directly owned 35,304 shares in the company, valued at $5,809,979.28. The trade was a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Huron Consulting Group Stock Performance

Shares of HURN traded up $2.62 during trading hours on Wednesday, hitting $167.43. The stock had a trading volume of 78,995 shares, compared to its average volume of 193,057. The firm has a 50-day moving average price of $156.85 and a 200 day moving average price of $144.30. Huron Consulting Group Inc. has a fifty-two week low of $118.25 and a fifty-two week high of $174.26. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 28.08 and a beta of 0.18. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.44 and a current ratio of 1.44.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.24. The company had revenue of $441.28 million during the quarter, compared to analysts’ expectations of $418.13 million. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Wall Street Analysts Forecast Growth

HURN has been the subject of a number of analyst reports. Truist Financial upped their price target on Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Benchmark boosted their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Barrington Research increased their target price on Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $190.25.

Hedge Funds Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently modified their holdings of HURN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Huron Consulting Group by 149.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider’s stock valued at $172,079,000 after acquiring an additional 719,199 shares in the last quarter. Boston Partners grew its position in shares of Huron Consulting Group by 17.0% in the third quarter. Boston Partners now owns 888,045 shares of the business services provider’s stock valued at $130,803,000 after purchasing an additional 129,073 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Huron Consulting Group by 0.5% in the third quarter. Franklin Resources Inc. now owns 614,248 shares of the business services provider’s stock valued at $90,153,000 after purchasing an additional 3,340 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Huron Consulting Group by 17.4% in the second quarter. Jennison Associates LLC now owns 581,397 shares of the business services provider’s stock valued at $79,965,000 after purchasing an additional 86,069 shares during the last quarter. Finally, Sunriver Management LLC lifted its position in Huron Consulting Group by 19.5% during the third quarter. Sunriver Management LLC now owns 451,985 shares of the business services provider’s stock worth $66,338,000 after buying an additional 73,774 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

About Huron Consulting Group

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.