Huron Consulting Group (NASDAQ:HURN) Trading 7.6% Higher Following Earnings Beat

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) shot up 7.6% during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $123.79 and last traded at $125.3490. Approximately 26,864 shares traded hands during trading, a decline of 91% from the average session volume of 283,379 shares. The stock had previously closed at $116.51.

The business services provider reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.29. The company had revenue of $475.04 million during the quarter, compared to analysts’ expectations of $448.98 million. Huron Consulting Group had a return on equity of 30.79% and a net margin of 6.38%.Huron Consulting Group’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Debra Zumwalt sold 598 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $118.44, for a total value of $70,827.12. Following the sale, the director directly owned 27,201 shares of the company’s stock, valued at approximately $3,221,686.44. The trade was a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ekta Singh-Bushell sold 443 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $118.44, for a total transaction of $52,468.92. Following the transaction, the director directly owned 13,646 shares of the company’s stock, valued at $1,616,232.24. The trade was a 3.14% decrease in their position. 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 a total of 2,862 shares of company stock valued at $314,519 over the last 90 days. 2.07% of the stock is owned by company insiders.

Institutional Trading of Huron Consulting Group

Several hedge funds have recently made changes to their positions in HURN. Principal Financial Group Inc. lifted its holdings in Huron Consulting Group by 51.8% during the 4th quarter. Principal Financial Group Inc. now owns 476,863 shares of the business services provider’s stock worth $82,454,000 after buying an additional 162,706 shares in the last quarter. Legato Capital Management LLC purchased a new position in Huron Consulting Group in the fourth quarter worth approximately $2,175,000. Oak Ridge Investments LLC purchased a new position in Huron Consulting Group in the fourth quarter valued at $2,432,000. Fiduciary Management Inc. WI acquired a new stake in Huron Consulting Group during the fourth quarter worth approximately $90,661,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Huron Consulting Group in the fourth quarter valued at approximately $2,054,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Trading Down 0.6%

The company has a debt-to-equity ratio of 2.10, a current ratio of 2.22 and a quick ratio of 2.22. The business’s 50-day moving average price is $106.50 and its 200-day moving average price is $127.44. The firm has a market capitalization of $2.75 billion, a PE ratio of 25.39 and a beta of 0.12.

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.