Huron Consulting Group (NASDAQ:HURN) Announces Quarterly Earnings Results

Huron Consulting Group (NASDAQ:HURN) announced its earnings results on Tuesday. The business services provider reported $2.17 EPS for the quarter, topping the consensus estimate of $1.94 by $0.23, FiscalAI reports. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. The company had revenue of $441.96 million during the quarter, compared to analysts’ expectations of $433.57 million.

Huron Consulting Group Stock Performance

Huron Consulting Group stock traded down $0.80 during trading hours on Tuesday, reaching $126.36. 353,946 shares of the company were exchanged, compared to its average volume of 290,611. Huron Consulting Group has a 12 month low of $120.25 and a 12 month high of $186.77. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average of $166.89 and a 200 day moving average of $157.06. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 21.17 and a beta of 0.08.

Analyst Ratings Changes

HURN has been the subject of a number of research analyst reports. 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 report on Monday, January 5th. Wedbush lifted their target price on Huron Consulting Group from $165.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Truist Financial upped their target price on Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 14th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Benchmark increased their target price on shares of Huron Consulting Group from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, December 24th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $215.50.

Insiders Place Their Bets

In related news, Director Ekta Singh-Bushell sold 1,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $178.55, for a total transaction of $178,550.00. Following the completion of the sale, the director directly owned 14,341 shares of the company’s stock, valued at approximately $2,560,585.55. This represents a 6.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Debra Zumwalt sold 170 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $170.89, for a total transaction of $29,051.30. Following the sale, the director owned 26,469 shares of the company’s stock, valued at $4,523,287.41. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,958 shares of company stock valued at $837,371 in the last three months. Company insiders own 2.15% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. acquired a new position in Huron Consulting Group during the 3rd quarter valued at $35,000. Advisory Services Network LLC acquired a new position in Huron Consulting Group in the 3rd quarter valued at approximately $36,000. Kemnay Advisory Services Inc. bought a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Huron Consulting Group by 682.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 313 shares of the business services provider’s stock worth $46,000 after purchasing an additional 273 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Huron Consulting Group during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

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.