Huron Consulting Group Inc. (NASDAQ:HURN) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Analysts maintain a “Buy” consensus on Huron Consulting Group, with four buy ratings, one strong-buy rating and one hold rating. The average 12-month price target is $184.25.
• Huron reported quarterly results above expectations, posting $2.46 in EPS versus the $2.17 consensus estimate and $475.04 million in revenue, up 15.7% year over year.
• Institutional ownership is substantial at 93.9%, with major investors including California State Teachers Retirement System and BlackRock adding or initiating positions; meanwhile, the CEO and another insider recently sold shares.

Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) have been assigned a consensus rating of "Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $184.25.

HURN has been the subject of several research reports. Wedbush reissued an "outperform" rating and set a $160.00 price objective on shares of Huron Consulting Group in a report on Wednesday, May 6th. Zacks Research raised Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Barrington Research reiterated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. Truist Financial dropped their target price on Huron Consulting Group to $155.00 and set a "buy" rating on the stock in a research report on Tuesday, June 9th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Huron Consulting Group in a research report on Friday, August 7th.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $159.84 on Monday. The firm has a market cap of $2.54 billion, a P/E ratio of 23.93 and a beta of 0.06. The business has a 50-day moving average price of $128.25 and a two-hundred day moving average price of $124.49. 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 has a 12-month low of $84.88 and a 12-month high of $186.77.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.46 earnings per share 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 during the quarter, compared to analysts' expectations 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. Equities analysts anticipate that Huron Consulting Group will post 9.18 EPS for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, insider Kyle Featherstone sold 459 shares of the company's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $152.67, for a total value of $70,075.53. Following the transaction, the insider directly owned 1,050 shares in the company, valued at $160,303.50. This represents a 30.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C. Mark Hussey sold 24,072 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the sale, the chief executive officer directly owned 74,399 shares of the company's stock, valued at $12,319,730.41. This represents a 24.45% 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. 2.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of Huron Consulting Group by 8,102.3% in the second quarter. California State Teachers Retirement System now owns 1,691,402 shares of the business services provider's stock valued at $152,497,000 after purchasing an additional 1,670,781 shares during the period. BlackRock Inc. acquired a new stake in shares of Huron Consulting Group during the second quarter worth $125,191,000. Fiduciary Management Inc. WI purchased a new position in Huron Consulting Group in the 4th quarter valued at $90,661,000. UBS Group AG increased its stake in Huron Consulting Group by 271.0% in the 4th quarter. UBS Group AG now owns 422,719 shares of the business services provider's stock valued at $73,092,000 after buying an additional 308,770 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Huron Consulting Group in the 2nd quarter worth $16,090,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

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.

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