Nordea Investment Management AB Has $11.20 Million Stock Holdings in Huron Consulting Group Inc. $HURN

Nordea Investment Management AB boosted its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,161 shares of the business services provider’s stock after acquiring an additional 2,876 shares during the quarter. Nordea Investment Management AB owned 0.45% of Huron Consulting Group worth $11,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new position in shares of Huron Consulting Group in the 2nd quarter valued at $41,000. McIlrath & Eck LLC bought a new position in Huron Consulting Group in the third quarter valued at about $46,000. EverSource Wealth Advisors LLC raised its stake in Huron Consulting Group by 1,018.2% during the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the business services provider’s stock worth $51,000 after acquiring an additional 336 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Huron Consulting Group by 725.5% in the second quarter. SBI Securities Co. Ltd. now owns 421 shares of the business services provider’s stock worth $58,000 after acquiring an additional 370 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Huron Consulting Group in the third quarter worth about $141,000. 93.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director James H. Roth sold 2,000 shares of the company’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 value of $329,140.00. Following the sale, the director directly owned 35,304 shares in the company, valued at $5,809,979.28. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Mccartney sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $161.44, for a total transaction of $1,049,360.00. Following the completion of the transaction, the director owned 43,317 shares in the company, valued at $6,993,096.48. This trade represents a 13.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,049 shares of company stock valued at $3,660,668 over the last 90 days. 2.15% of the stock is currently owned by corporate insiders.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock opened at $183.46 on Friday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 30.73 and a beta of 0.11. Huron Consulting Group Inc. has a twelve month low of $120.25 and a twelve month high of $186.77. The company’s fifty day moving average is $173.04 and its 200 day moving average is $152.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.18.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, October 28th. The business services provider reported $2.10 EPS for the quarter, topping the consensus estimate of $1.86 by $0.24. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The firm had revenue of $441.28 million for the quarter, compared to the consensus estimate of $418.13 million. During the same period in the previous year, the business earned $1.68 EPS. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. Sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Wedbush upped their price target on shares of Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Benchmark raised their price objective on Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, December 24th. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Finally, Barrington Research increased their target price on Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $215.50.

About Huron Consulting Group

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.