Huron Consulting Group Inc. $HURN Shares Sold by S&T Bank PA

S&T Bank PA lowered its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,274 shares of the business services provider’s stock after selling 1,906 shares during the period. Huron Consulting Group accounts for 1.9% of S&T Bank PA’s investment portfolio, making the stock its 18th largest position. S&T Bank PA’s holdings in Huron Consulting Group were worth $6,227,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP purchased a new position in shares of Huron Consulting Group during the 1st quarter worth $31,000. CWM LLC raised its stake in Huron Consulting Group by 55.9% during the first quarter. CWM LLC now owns 407 shares of the business services provider’s stock worth $58,000 after purchasing an additional 146 shares during the period. Vestcor Inc acquired a new position in Huron Consulting Group in the 1st quarter valued at about $60,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Huron Consulting Group in the 1st quarter valued at approximately $72,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Huron Consulting Group during the 1st quarter worth approximately $72,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Stock Down 0.6%

Shares of HURN opened at $166.54 on Friday. The company’s 50-day simple moving average is $148.41 and its 200-day simple moving average is $141.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.99 and a current ratio of 1.44. Huron Consulting Group Inc. has a 1 year low of $116.77 and a 1 year high of $174.26. The stock has a market capitalization of $2.87 billion, a PE ratio of 27.90 and a beta of 0.27.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.24. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. The firm had revenue of $432.36 million for the quarter, compared to the consensus estimate of $418.13 million. During the same period in the prior year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. Analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kyle Featherstone sold 375 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the completion of the transaction, the insider directly owned 1,311 shares of the company’s stock, valued at $177,942.03. The trade was a 22.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Mccartney sold 500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $164.24, for a total value of $82,120.00. Following the sale, the director owned 49,817 shares in the company, valued at approximately $8,181,944.08. This trade represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 18,479 shares of company stock valued at $2,914,496. 2.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Benchmark upped their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Monday, October 27th. Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Finally, Barrington Research lifted their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $175.25.

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.