Martingale Asset Management L P Reduces Position in Huron Consulting Group Inc. $HURN

Martingale Asset Management L P decreased its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,099 shares of the business services provider’s stock after selling 1,340 shares during the period. Martingale Asset Management L P owned 0.11% of Huron Consulting Group worth $2,740,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider’s stock worth $502,000 after buying an additional 121 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Huron Consulting Group by 27.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 122 shares during the last quarter. CWM LLC increased its stake in Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 146 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Huron Consulting Group by 15.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 148 shares during the last quarter. Finally, Aigen Investment Management LP increased its stake in Huron Consulting Group by 10.5% in the first quarter. Aigen Investment Management LP now owns 1,879 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $129.11, for a total transaction of $64,555.00. Following the completion of the sale, the director owned 51,317 shares of the company’s stock, valued at approximately $6,625,537.87. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the sale, the director directly owned 8,162 shares of the company’s stock, valued at approximately $1,116,071.88. This trade represents a 11.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,711 shares of company stock worth $624,066 in the last three months. 2.15% of the stock is currently owned by insiders.

Huron Consulting Group Price Performance

HURN stock opened at $138.73 on Friday. The stock has a 50-day moving average price of $133.67 and a two-hundred day moving average price of $138.90. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. The company has a market cap of $2.40 billion, a PE ratio of 24.21 and a beta of 0.26.

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, beating analysts’ consensus estimates 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 firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. During the same quarter in the previous year, the business earned $1.68 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analysts Set New Price Targets

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

Huron Consulting Group 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.