Huron Consulting Group Inc. $HURN Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. holds a $29.15 million stake in Huron Consulting Group, despite decreasing its shareholding by 1.1% in the 1st quarter, now owning 1.18% of the company.
• Analysts have varying outlooks on Huron Consulting Group, with Barrington Research raising their price target to $176.00, while Wall Street Zen downgraded it to a "hold" rating; overall, the consensus rating remains a "Buy."
• Huron Consulting Group's stock recently traded at $135.75, with a market capitalization of $2.35 billion, and reported earnings of $1.89 per share, exceeding expectations by $0.10.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,176 shares of the business services provider's stock after selling 2,200 shares during the period. Charles Schwab Investment Management Inc. owned about 1.18% of Huron Consulting Group worth $29,146,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HURN. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group during the 4th quarter worth approximately $33,000. Opal Wealth Advisors LLC purchased a new position in Huron Consulting Group in the 1st quarter valued at approximately $35,000. CWM LLC increased its stake in Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after purchasing an additional 146 shares in the last quarter. Vestcor Inc purchased a new position in Huron Consulting Group in the 1st quarter valued at approximately $60,000. Finally, Tower Research Capital LLC TRC increased its stake in Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after purchasing an additional 122 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $129.11, for a total transaction of $64,555.00. Following the completion of the transaction, the director owned 51,317 shares of the company's stock, valued at approximately $6,625,537.87. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director H Eugene Lockhart sold 1,040 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $142,209.60. Following the transaction, the director directly owned 8,162 shares of the company's stock, valued at $1,116,071.88. The trade was a 11.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,711 shares of company stock worth $624,066. 2.15% of the stock is currently owned by corporate insiders.

Huron Consulting Group Price Performance

Huron Consulting Group stock traded up $3.34 during mid-day trading on Friday, hitting $138.73. 578,905 shares of the company were exchanged, compared to its average volume of 196,514. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99. The business's 50 day simple moving average is $133.67 and its two-hundred day simple moving average is $138.90. The company has a market capitalization of $2.40 billion, a P/E ratio of 24.21 and a beta of 0.26. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research raised their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $171.50.

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.