Charles Schwab Investment Management Inc. Has $29.15 Million Holdings in Huron Consulting Group Inc. $HURN

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 stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 203,176 shares of the business services provider's stock after selling 2,200 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.18% of Huron Consulting Group worth $29,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HURN. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group during the fourth quarter valued at about $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Huron Consulting Group during the first quarter valued at about $35,000. CWM LLC raised its stake in shares of Huron Consulting Group by 55.9% during the first 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 bought a new stake in shares of Huron Consulting Group during the first quarter valued at about $60,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Huron Consulting Group by 27.3% during the fourth 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 currently owned by institutional investors.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,040 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the sale, the director directly owned 8,162 shares in the company, valued at approximately $1,116,071.88. This trade represents a 11.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kyle Featherstone sold 375 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $135.73, for a total value of $50,898.75. Following the sale, the insider owned 1,311 shares of the company's stock, valued at $177,942.03. The trade was a 22.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,711 shares of company stock worth $624,066. Company insiders own 2.15% of the company's stock.

Wall Street Analyst Weigh In

HURN has been the topic of a number of recent analyst reports. Barrington Research lifted their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $171.50.

Huron Consulting Group Trading Down 1.8%

Shares of NASDAQ:HURN traded down $2.54 during midday trading on Monday, reaching $136.19. The company had a trading volume of 95,761 shares, compared to its average volume of 220,603. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99. Huron Consulting Group Inc. has a 1-year low of $102.58 and a 1-year high of $155.00. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 23.77 and a beta of 0.26. The company has a fifty day simple moving average of $133.69 and a two-hundred day simple moving average of $139.16.

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, beating analysts' consensus estimates 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 business had revenue of $402.50 million during the quarter, compared to analyst estimates of $402.67 million. During the same quarter last year, the company posted $1.68 EPS. Huron Consulting Group's revenue for the quarter was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

About Huron Consulting Group

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.