178,456 Shares of Huron Consulting Group Inc. $HURN Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 178,456 Huron Consulting Group shares worth approximately $16.1 million, representing about 1.12% of the company. Institutional investors collectively own 93.90% of Huron’s stock.
• Analyst sentiment is favorable: Huron has an average “Buy” rating and a consensus price target of $184.25, with recent upgrades from Zacks Research and Wall Street Zen.
• Huron reported quarterly EPS of $2.46, exceeding estimates of $2.17, while revenue rose 15.7% year over year to $475.04 million. However, CEO C. Hussey and insider Kyle Featherstone recently sold shares.

Bank of America Corp DE bought a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 178,456 shares of the business services provider's stock, valued at approximately $16,090,000. Bank of America Corp DE owned approximately 1.12% of Huron Consulting Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Freestone Grove Partners LP purchased a new stake in shares of Huron Consulting Group in the second quarter valued at approximately $1,254,000. Jupiter Topco LLC purchased a new position in shares of Huron Consulting Group during the second quarter valued at $752,000. Hsbc Holdings PLC purchased a new position in shares of Huron Consulting Group during the second quarter valued at $205,000. Redwood Grove Capital LLC bought a new stake in shares of Huron Consulting Group in the second quarter valued at about $1,731,000. Finally, Legal & General Group Plc bought a new stake in shares of Huron Consulting Group in the second quarter valued at about $1,465,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HURN. Zacks Research raised shares of Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Truist Financial lowered 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. Weiss Ratings upgraded shares of Huron Consulting Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. Finally, Barrington Research reissued an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Huron Consulting Group presently has an average rating of "Buy" and an average price target of $184.25.

Huron Consulting Group Stock Down 1.4%

NASDAQ:HURN opened at $157.66 on Friday. 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 $2.51 billion, a P/E ratio of 23.60 and a beta of 0.07. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.71 and a current ratio of 1.71. The company's 50-day simple moving average is $148.92 and its 200-day simple moving average is $127.11.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released 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. The business had revenue of $475.04 million for the quarter, compared to analyst estimates of $448.98 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The business's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.89 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. On average, equities analysts anticipate that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kyle Featherstone sold 459 shares of the company's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $152.67, for a total transaction of $70,075.53. Following the transaction, the insider directly owned 1,050 shares of the company's stock, valued at $160,303.50. This represents a 30.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO C. Hussey sold 24,072 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $12,319,730.41. This trade represents a 24.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.07% of the stock is owned by company insiders.

About Huron Consulting Group

Huron Consulting Group Inc NASDAQ: HURN is a professional services firm that helps organizations improve performance, manage change and address complex business challenges. The company works with clients across the healthcare, education, commercial and public sectors, providing consulting, technology and managed services.

Huron's services include strategic planning, operational improvement, organizational transformation, financial and performance management, data and analytics, and technology implementation.

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