Ieq Capital LLC Purchases New Holdings in Huron Consulting Group Inc. $HURN

Ieq Capital LLC purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 33,557 shares of the business services provider’s stock, valued at approximately $3,025,000.

Several other institutional investors have also recently made changes to their positions in HURN. Keebeck Wealth Management bought a new stake in shares of Huron Consulting Group during the 2nd quarter worth approximately $343,000. Great Lakes Advisors LLC bought a new position in shares of Huron Consulting Group in the second quarter valued at $2,610,000. BlackRock Inc. acquired a new position in Huron Consulting Group during the second quarter worth $125,191,000. Deutsche Bank AG acquired a new position in Huron Consulting Group during the second quarter worth $1,859,000. Finally, Rice Hall James & Associates LLC bought a new stake in Huron Consulting Group during the second quarter worth $1,810,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Trading Up 0.6%

Shares of Huron Consulting Group stock opened at $162.59 on Tuesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71. The business has a fifty day simple moving average of $123.43 and a two-hundred day simple moving average of $124.67. Huron Consulting Group Inc. has a 1 year low of $84.88 and a 1 year high of $186.77. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 24.34 and a beta of 0.06.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.29. The company had revenue of $475.04 million for the quarter, compared to analyst estimates of $448.98 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Research analysts forecast that Huron Consulting Group Inc. will post 9.18 EPS for the current year.

Insider Activity

In other news, CEO C. Mark Hussey sold 24,072 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total value of $3,986,082.48. Following the transaction, the chief executive officer owned 74,399 shares of the company’s stock, valued at approximately $12,319,730.41. This represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $152.67, for a total value of $70,075.53. Following the transaction, the insider owned 1,050 shares in the company, valued at approximately $160,303.50. This trade represents a 30.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on HURN shares. Barrington Research reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Truist Financial lowered their price objective on shares of Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huron Consulting Group in a report on Friday, August 7th. Wedbush reiterated an “outperform” rating and issued a $160.00 target price on shares of Huron Consulting Group in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $184.25.

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.