Huron Consulting Group (NASDAQ:HURN) Shares Up 8.6% – Here’s Why

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price rose 8.6% during mid-day trading on Wednesday . The stock traded as high as $98.47 and last traded at $97.8960. Approximately 203,608 shares were traded during mid-day trading, a decline of 29% from the average session volume of 287,872 shares. The stock had previously closed at $90.16.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $160.00 price target on shares of Huron Consulting Group in a research note on Wednesday, May 6th. Truist Financial reduced their price objective on Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Weiss Ratings lowered Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Wall Street Zen cut Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Barrington Research restated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Huron Consulting Group presently has an average rating of “Moderate Buy” and a consensus price target of $184.25.

Huron Consulting Group Stock Up 8.3%

The business’s 50 day moving average is $109.82 and its 200 day moving average is $137.30. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.10. The company has a market cap of $1.58 billion, a P/E ratio of 16.66 and a beta of 0.08.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.15. Huron Consulting Group had a return on equity of 29.41% and a net margin of 5.94%.The business had revenue of $451.77 million for the quarter, compared to analysts’ expectations of $437.12 million. During the same quarter last year, the firm earned $1.68 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 8.71 earnings per share for the current fiscal year.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director Joy Brown sold 1,821 shares of Huron Consulting Group stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $105.01, for a total value of $191,223.21. Following the transaction, the director owned 8,575 shares in the company, valued at $900,460.75. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ekta Singh-Bushell sold 443 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $118.44, for a total transaction of $52,468.92. Following the completion of the transaction, the director owned 13,646 shares of the company’s stock, valued at $1,616,232.24. This represents a 3.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,158 shares of company stock valued at $352,091 over the last quarter. 2.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 valued at $1,501,000 after buying 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 valued at $28,538,000 after acquiring an additional 68,891 shares during the period. Jane Street Group LLC purchased a new stake in Huron Consulting Group in the 1st quarter worth approximately $6,313,000. Intech Investment Management LLC grew its stake in shares of Huron Consulting Group by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock worth $1,587,000 after purchasing an additional 2,425 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Huron Consulting Group by 174.4% during the 1st quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock worth $481,000 after purchasing an additional 2,136 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

About Huron Consulting Group

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.