Clark Capital Management Group Inc. Purchases 6,485 Shares of Huron Consulting Group Inc. $HURN

Key Points

• Clark Capital Management Group Inc. increased its holdings in Huron Consulting Group by 11.6% during the first quarter, owning 62,330 shares worth approximately $8.94 million.
• Huron Consulting Group recently reported earnings of $1.89 per share, exceeding analysts' expectations of $1.79, and showed an 8.3% year-over-year revenue growth.
• Despite a strong performance, Wall Street Zen downgraded Huron Consulting Group from a "buy" to a "hold" rating, while five analysts still maintain a "buy" recommendation with an average target price of $171.50.

Clark Capital Management Group Inc. raised its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,330 shares of the business services provider's stock after acquiring an additional 6,485 shares during the period. Clark Capital Management Group Inc. owned approximately 0.36% of Huron Consulting Group worth $8,941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HURN. Wellington Management Group LLP raised its position in Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after purchasing an additional 4,946 shares during the period. Invesco Ltd. raised its position in Huron Consulting Group by 7.9% in the first quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock valued at $40,455,000 after purchasing an additional 20,680 shares during the period. Nuveen LLC acquired a new stake in Huron Consulting Group in the first quarter valued at $38,511,000. Northern Trust Corp increased its holdings in Huron Consulting Group by 10.0% in the fourth quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock valued at $31,922,000 after buying an additional 23,392 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its holdings in shares of Huron Consulting Group by 0.7% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock valued at $35,047,000 after purchasing an additional 1,760 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, insider Kyle Featherstone sold 375 shares of Huron Consulting Group stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the sale, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. The trade was a 22.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $137.51, for a total transaction of $275,020.00. Following the completion of the transaction, the director directly owned 41,304 shares of the company's stock, valued at approximately $5,679,713.04. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,211 shares of company stock valued at $967,191 in the last three months. Insiders own 2.15% of the company's stock.

Analyst Upgrades and Downgrades

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

Huron Consulting Group Stock Down 1.6%

NASDAQ:HURN traded down $2.18 during trading hours on Wednesday, reaching $137.40. The company's stock had a trading volume of 24,371 shares, compared to its average volume of 204,054. 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 moving average is $134.58 and its 200-day moving average is $139.86. Huron Consulting Group Inc. has a one year low of $102.58 and a one year high of $155.00. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 24.05 and a beta of 0.32.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The business had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same quarter last year, the company earned $1.68 earnings per share. The firm's revenue 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. Equities research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Huron Consulting Group 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.