Ninety One UK Ltd Purchases New Position in Huron Consulting Group Inc. $HURN

Ninety One UK Ltd acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the 3rd quarter, Holdings Channel reports. The fund acquired 56,746 shares of the business services provider’s stock, valued at approximately $8,329,000.

Several other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Huron Consulting Group in the 1st quarter valued at about $31,000. N.E.W. Advisory Services LLC acquired a new position in Huron Consulting Group during the second quarter worth approximately $41,000. EverSource Wealth Advisors LLC lifted its stake in Huron Consulting Group by 1,018.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the business services provider’s stock valued at $51,000 after buying an additional 336 shares during the last quarter. SBI Securities Co. Ltd. boosted 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 valued at $58,000 after acquiring an additional 370 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Huron Consulting Group during the second quarter worth approximately $157,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Down 1.4%

HURN stock opened at $172.91 on Friday. The stock has a market capitalization of $2.98 billion, a PE ratio of 28.96 and a beta of 0.11. The company has a fifty day moving average of $169.05 and a 200-day moving average of $149.16. 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 Inc. has a one year low of $120.25 and a one year high of $182.71.

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

Insiders Place Their Bets

In other news, Director Ekta Singh-Bushell sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $178.55, for a total value of $178,550.00. Following the completion of the sale, the director directly owned 14,341 shares of the company’s stock, valued at $2,560,585.55. This trade represents a 6.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $164.57, for a total value of $329,140.00. Following the completion of the sale, the director owned 35,304 shares in the company, valued at approximately $5,809,979.28. This trade represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 21,753 shares of company stock valued at $3,610,084. Corporate insiders own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HURN shares. Benchmark upped their price target on shares of Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, December 24th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Truist Financial increased their target price on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Huron Consulting Group presently has a consensus rating of “Buy” and an average target price of $199.00.

Huron Consulting Group 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.