Corient Private Wealth LP Makes New Investment in Huron Consulting Group Inc. $HURN

Corient Private Wealth LP purchased a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) in the second quarter, HoldingsChannel reports. The firm purchased 31,236 shares of the business services provider’s stock, valued at approximately $2,816,000.

Several other large investors have also recently made changes to their positions in HURN. Principal Financial Group Inc. raised its position in Huron Consulting Group by 51.8% in the fourth quarter. Principal Financial Group Inc. now owns 476,863 shares of the business services provider’s stock valued at $82,454,000 after purchasing an additional 162,706 shares during the period. Legato Capital Management LLC purchased a new position in shares of Huron Consulting Group during the fourth quarter worth $2,175,000. Fiduciary Management Inc. WI purchased a new position in shares of Huron Consulting Group during the fourth quarter worth $90,661,000. Great Lakes Advisors LLC acquired a new stake in shares of Huron Consulting Group in the second quarter valued at $2,610,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Huron Consulting Group in the first quarter valued at $1,264,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 24,072 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the completion of the transaction, the chief executive officer directly owned 74,399 shares of the company’s stock, valued at approximately $12,319,730.41. The trade was a 24.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $152.67, for a total transaction of $70,075.53. Following the sale, the insider owned 1,050 shares in the company, valued at $160,303.50. The trade was a 30.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HURN. Weiss Ratings reiterated a “hold (c)” rating on shares of Huron Consulting Group in a report on Friday, August 7th. Zacks Research raised shares of Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Barrington Research restated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, June 17th. Finally, Truist Financial dropped their price objective on shares of Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Huron Consulting Group presently has a consensus rating of “Buy” and an average price target of $184.25.

Huron Consulting Group Trading Down 1.5%

NASDAQ:HURN opened at $157.46 on Wednesday. Huron Consulting Group Inc. has a 12-month low of $84.88 and a 12-month high of $186.77. The firm has a market cap of $2.51 billion, a PE ratio of 23.57 and a beta of 0.07. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11. The stock has a fifty day moving average price of $130.88 and a 200 day moving average price of $124.78.

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

Huron Consulting Group Company 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.