BlackRock Inc. bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,388,544 shares of the business services provider's stock, valued at approximately $125,191,000. BlackRock Inc. owned 8.73% of Huron Consulting Group as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Huron Consulting Group by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider's stock worth $1,501,000 after acquiring an additional 469 shares during the period. Goldman Sachs Group Inc. increased its holdings in Huron Consulting Group by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider's stock valued at $28,538,000 after purchasing an additional 68,891 shares in the last quarter. Jane Street Group LLC purchased a new stake in Huron Consulting Group during the 1st quarter worth $6,313,000. Intech Investment Management LLC grew its holdings in 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 acquiring an additional 2,425 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Huron Consulting Group by 174.4% in the 1st quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider's stock valued at $481,000 after acquiring an additional 2,136 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.
Huron Consulting Group Trading Up 0.0%
NASDAQ:HURN opened at $159.84 on Friday. The business's 50-day simple moving average is $128.25 and its 200-day simple moving average is $124.70. Huron Consulting Group Inc. has a fifty-two week low of $84.88 and a fifty-two week high of $186.77. The stock has a market capitalization of $2.54 billion, a PE ratio of 23.93 and a beta of 0.06. 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 - Get Free Report) last announced its 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. The business had revenue of $475.04 million during the quarter, compared to analysts' expectations of $448.98 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The firm's revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Sell-side analysts expect that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO C. Mark Hussey sold 24,072 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total value of $3,986,082.48. Following the transaction, the chief executive officer owned 74,399 shares in the company, valued at approximately $12,319,730.41. This trade represents a 24.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of Huron Consulting Group 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 completion of the transaction, the insider owned 1,050 shares in the company, valued at approximately $160,303.50. This represents a 30.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.07% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on HURN. Wall Street Zen upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Wedbush reiterated an "outperform" rating and set a $160.00 price target on shares of Huron Consulting Group in a report on Wednesday, May 6th. Weiss Ratings restated a "hold (c)" rating on shares of Huron Consulting Group in a report on Friday, August 7th. Finally, Barrington Research reiterated an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Huron Consulting Group currently has an average rating of "Buy" and an average price target of $184.25.
Check Out Our Latest Stock Report on HURN
About Huron Consulting Group
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Huron Consulting Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huron Consulting Group wasn't on the list.
While Huron Consulting Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
