Driehaus Capital Management LLC Takes Position in Huron Consulting Group Inc. $HURN

Key Points

• Driehaus Capital Management LLC invested approximately $13.82 million in Huron Consulting Group, acquiring 96,355 shares, which constitutes about 0.56% of the company's total equity.
• In Q1, Huron Consulting Group witnessed significant institutional interest, with several investors, including State of Wyoming and Trexquant Investment LP, increasing their stakes in the company.
• Huron Consulting Group reported earnings of $1.89 per share for the last quarter, surpassing analysts' estimates, and has set guidance of $7.30-7.70 EPS for FY 2025.

Driehaus Capital Management LLC bought a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 96,355 shares of the business services provider's stock, valued at approximately $13,822,000. Driehaus Capital Management LLC owned 0.56% of Huron Consulting Group at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Huron Consulting Group in the 1st quarter worth $35,000. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group in the 4th quarter worth $33,000. CWM LLC grew its position in Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after purchasing an additional 146 shares during the last quarter. Vestcor Inc acquired a new stake in Huron Consulting Group in the 1st quarter worth $60,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at about $72,000. Institutional investors own 93.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HURN. 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. Barrington Research lifted their target price on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $171.50.

Insider Buying and Selling at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the transaction, the director owned 8,162 shares in the company, valued at $1,116,071.88. This represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Roth sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $128.98, for a total transaction of $257,960.00. Following the completion of the transaction, the director owned 43,304 shares of the company's stock, valued at $5,585,349.92. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,711 shares of company stock valued at $624,066. 2.15% of the stock is currently owned by corporate insiders.

Huron Consulting Group Price Performance

HURN stock traded up $6.57 during trading on Thursday, hitting $144.52. 112,001 shares of the stock traded hands, compared to its average volume of 204,658. Huron Consulting Group Inc. has a one year low of $102.58 and a one year high of $155.00. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 25.22 and a beta of 0.32. The company has a 50 day simple moving average of $134.17 and a 200 day simple moving average of $139.43. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. During the same period in the prior year, the business earned $1.68 earnings per share. Huron Consulting Group's quarterly 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 analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal 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.