Huron Consulting Group (NASDAQ:HURN) Stock Price Up 6.3% – Still a Buy?

Huron Consulting Group Inc. (NASDAQ:HURN) was up 6.3% on Thursday. The company traded as high as $165.35 and last traded at $166.4620. Approximately 125,911 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 284,221 shares. The stock had previously closed at $156.61.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research cut shares of Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Barrington Research reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. 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. Finally, Weiss Ratings raised Huron Consulting Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Huron Consulting Group currently has a consensus rating of “Moderate Buy” and an average target price of $184.25.

Huron Consulting Group Price Performance

The company has a market capitalization of $2.66 billion, a P/E ratio of 25.01 and a beta of 0.09. The company has a fifty day moving average price of $156.35 and a 200 day moving average price of $129.45. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71.

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

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, insider Kyle Featherstone sold 459 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $152.67, for a total value of $70,075.53. Following the sale, the insider owned 1,050 shares in the company, valued at approximately $160,303.50. This trade represents a 30.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C. Hussey sold 24,072 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total value of $3,986,082.48. Following the completion of the sale, the chief executive officer owned 74,399 shares in the company, valued at approximately $12,319,730.41. This represents a 24.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 24,613 shares of company stock worth $4,069,914 in the last 90 days. 2.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Huron Consulting Group in the 2nd quarter worth about $125,191,000. Bank of America Corp DE acquired a new position in shares of Huron Consulting Group during the 2nd quarter worth $16,090,000. William Blair Investment Management LLC bought a new position in Huron Consulting Group during the second quarter valued at about $15,359,000. Jennison Associates LLC raised its stake in shares of Huron Consulting Group by 13.6% in the 1st quarter. Jennison Associates LLC now owns 667,887 shares of the business services provider’s stock valued at $85,149,000 after acquiring an additional 80,132 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Huron Consulting Group by 79.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 151,150 shares of the business services provider’s stock valued at $26,135,000 after purchasing an additional 66,900 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group Inc (NASDAQ:HURN) is a global professional services company that helps organizations improve performance, manage change and address complex business challenges. Founded in 2002 and headquartered in Chicago, Illinois, the company serves clients in the healthcare, education and commercial sectors.

Huron’s services include strategy and operations consulting, digital transformation, technology implementation, data and analytics, financial and performance improvement, and managed services.