Huron Consulting Group (NASDAQ:HURN) Sets New 12-Month High – Here’s What Happened

Huron Consulting Group Inc. (NASDAQ:HURN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $182.73 and last traded at $182.07, with a volume of 161013 shares traded. The stock had previously closed at $178.52.

Analyst Ratings Changes

HURN has been the topic of a number of research reports. Benchmark raised their price target on Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, December 24th. Truist Financial increased their price objective on Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Barrington Research upped their target price on Huron Consulting Group from $190.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Huron Consulting Group has a consensus rating of “Buy” and a consensus target price of $206.75.

Huron Consulting Group Stock Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50 day moving average price of $170.92 and a two-hundred day moving average price of $150.68. The company has a market cap of $3.13 billion, a P/E ratio of 30.38 and a beta of 0.11.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.24. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The business had revenue of $441.28 million for the quarter, compared to analyst estimates of $418.13 million. During the same period last year, the company earned $1.68 EPS. Huron Consulting Group’s revenue for the quarter was up 16.7% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. On average, sell-side analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ekta Singh-Bushell sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $178.55, for a total transaction of $178,550.00. Following the transaction, the director directly owned 14,341 shares of the company’s stock, valued at approximately $2,560,585.55. The trade was a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mccartney sold 6,500 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $161.44, for a total value of $1,049,360.00. Following the completion of the sale, the director directly owned 43,317 shares of the company’s stock, valued at $6,993,096.48. The trade was a 13.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,049 shares of company stock valued at $3,660,668 over the last quarter. Company insiders own 2.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Huron Consulting Group by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock worth $1,501,000 after purchasing an additional 469 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Huron Consulting Group by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock worth $28,538,000 after buying an additional 68,891 shares during the period. Caxton Associates LLP bought a new stake in Huron Consulting Group during the 1st quarter valued at approximately $588,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Huron Consulting Group by 149.7% during 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 worth $172,079,000 after acquiring an additional 719,199 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $6,313,000. 93.90% of the stock is currently owned by institutional investors.

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.