William Blair Investment Management LLC Buys New Stake in Huron Consulting Group Inc. $HURN

William Blair Investment Management LLC bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 170,358 shares of the business services provider’s stock, valued at approximately $15,359,000. William Blair Investment Management LLC owned 1.07% of Huron Consulting Group as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Huron Consulting Group in the second quarter valued at $125,191,000. Boston Partners raised its holdings in shares of Huron Consulting Group by 17.0% in the 3rd quarter. Boston Partners now owns 888,045 shares of the business services provider’s stock valued at $130,803,000 after buying an additional 129,073 shares during the period. Morgan Stanley lifted its stake in Huron Consulting Group by 11.4% during the 4th quarter. Morgan Stanley now owns 779,120 shares of the business services provider’s stock worth $134,718,000 after acquiring an additional 79,757 shares in the last quarter. Jennison Associates LLC lifted its stake in Huron Consulting Group by 13.6% during the 1st quarter. Jennison Associates LLC now owns 667,887 shares of the business services provider’s stock worth $85,149,000 after acquiring an additional 80,132 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Huron Consulting Group by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 641,714 shares of the business services provider’s stock valued at $81,811,000 after acquiring an additional 12,528 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huron Consulting Group

In other news, insider Kyle Featherstone sold 459 shares of Huron Consulting Group stock in a transaction on Friday, July 31st. The shares were sold at an average price of $152.67, for a total transaction of $70,075.53. Following the completion of the sale, the insider directly owned 1,050 shares of the company’s stock, valued at approximately $160,303.50. The trade was a 30.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C. Mark Hussey sold 24,072 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.07% of the stock is currently owned by insiders.

Huron Consulting Group Stock Down 0.5%

Shares of NASDAQ:HURN opened at $161.64 on Friday. The firm’s 50 day moving average price is $122.32 and its 200 day moving average price is $125.03. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 24.20 and a beta of 0.06. Huron Consulting Group Inc. has a fifty-two week low of $84.88 and a fifty-two week high of $186.77. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.11.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.17 by $0.29. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The company had revenue of $475.04 million during the quarter, compared to analysts’ expectations of $448.98 million. During the same quarter in the previous year, the business posted $1.89 EPS. The firm’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. As a group, equities research analysts predict that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HURN. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huron Consulting Group in a research note on Friday, August 7th. Barrington Research reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, June 17th. Wedbush reiterated an “outperform” rating and set a $160.00 target price on shares of Huron Consulting Group in a report on Wednesday, May 6th. Finally, Truist Financial decreased their price target on shares of Huron Consulting Group to $155.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $184.25.

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.