4,437 Shares in Huron Consulting Group Inc. $HURN Purchased by Meritage Portfolio Management

Key Points

• Meritage Portfolio Management purchased 4,437 shares of Huron Consulting Group, valued at approximately $610,000, during the 2nd quarter.
• Recent sales by insiders included Director James H. Roth selling 2,000 shares and COO James Ronald Dail selling 1,421 shares, both resulting in decreases in their stock ownership.
• Huron Consulting Group's current average rating is "Buy," with an average price target of $171.50 as per recent research reports from multiple analysts.

Meritage Portfolio Management bought a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,437 shares of the business services provider's stock, valued at approximately $610,000.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Huron Consulting Group during the first quarter worth approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at $35,000. CWM LLC grew its holdings in shares of Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after acquiring an additional 146 shares in the last quarter. Vestcor Inc acquired a new position in shares of Huron Consulting Group in the first quarter worth $60,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Huron Consulting Group during the first quarter worth $72,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Activity

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $146.30, for a total transaction of $292,600.00. Following the completion of the sale, the director directly owned 39,304 shares in the company, valued at $5,750,175.20. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Ronald Dail sold 1,421 shares of the firm's stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $150.00, for a total value of $213,150.00. Following the completion of the sale, the chief operating officer directly owned 39,608 shares in the company, valued at approximately $5,941,200. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,888 shares of company stock worth $1,378,690. Insiders own 2.15% of the company's stock.

Wall Street Analysts Forecast Growth

HURN has been the topic of a number of recent research reports. Weiss Ratings restated a "buy (b)" rating on shares of Huron Consulting Group in a research note on Wednesday, October 8th. Barrington Research increased their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Huron Consulting Group currently has an average rating of "Buy" and an average price target of $171.50.

Huron Consulting Group Stock Down 1.7%

HURN opened at $145.01 on Monday. The firm has a market cap of $2.51 billion, a P/E ratio of 25.31 and a beta of 0.29. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99. The business has a 50 day moving average price of $139.69 and a 200 day moving average price of $139.82. Huron Consulting Group Inc. has a twelve month low of $102.94 and a twelve month high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The company had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. During the same quarter last year, the company posted $1.68 earnings per share. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.

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