Insider Selling: Huron Consulting Group (NASDAQ:HURN) Insider Sells $50,898.75 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) insider Kyle Featherstone sold 375 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $135.73, for a total value of $50,898.75. Following the completion of the transaction, the insider owned 1,311 shares in the company, valued at $177,942.03. This represents a 22.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huron Consulting Group Stock Down 0.3%

NASDAQ:HURN opened at $135.29 on Thursday. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $2.34 billion, a P/E ratio of 23.61 and a beta of 0.26. The stock’s fifty day simple moving average is $133.61 and its 200-day simple moving average is $138.75.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The business had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. During the same period last year, the company earned $1.68 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Equities research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Institutional Trading of Huron Consulting Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Huron Consulting Group by 149.7% in 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 purchasing an additional 719,199 shares during the period. Franklin Resources Inc. raised its stake in shares of Huron Consulting Group by 27.5% in the 2nd quarter. Franklin Resources Inc. now owns 610,908 shares of the business services provider’s stock valued at $84,024,000 after purchasing an additional 131,620 shares during the period. Jennison Associates LLC raised its stake in shares of Huron Consulting Group by 17.4% in the 2nd 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 period. Wellington Management Group LLP raised its stake in shares of Huron Consulting Group by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock valued at $67,503,000 after purchasing an additional 4,946 shares during the period. Finally, Sunriver Management LLC raised its stake in shares of Huron Consulting Group by 10.6% in the 2nd quarter. Sunriver Management LLC now owns 378,211 shares of the business services provider’s stock valued at $52,019,000 after purchasing an additional 36,303 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HURN. Barrington Research raised their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Huron Consulting Group presently has a consensus rating of “Buy” and an average price target of $171.50.

Huron Consulting Group Company Profile

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.