Huron Consulting Group Inc. $HURN Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC sold 2,510 shares of Huron Consulting Group Inc., reducing its stake by 55.2%, leaving it with 2,038 shares valued at $292,000 as per its latest SEC filing.
• Huron Consulting Group's stock price increased by 5.2%, with current shares opening at $145.15, amid a range of institutional activity, including new positions and raised stakes from various advisors.
• While Huron posted a quarterly earnings of $1.89 EPS, beating estimates, analysts have mixed views, with some upgrading their price target to $176.00, while others downgraded their rating to "hold."

Hsbc Holdings PLC lowered its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 55.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,038 shares of the business services provider's stock after selling 2,510 shares during the quarter. Hsbc Holdings PLC's holdings in Huron Consulting Group were worth $292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Huron Consulting Group in the 1st quarter valued at about $38,511,000. Algert Global LLC raised its holdings in Huron Consulting Group by 657.0% in the 1st quarter. Algert Global LLC now owns 80,965 shares of the business services provider's stock worth $11,614,000 after purchasing an additional 70,270 shares during the period. Blair William & Co. IL raised its holdings in Huron Consulting Group by 445.7% in the 1st quarter. Blair William & Co. IL now owns 52,250 shares of the business services provider's stock worth $7,495,000 after purchasing an additional 42,676 shares during the period. Assenagon Asset Management S.A. raised its holdings in Huron Consulting Group by 27.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 177,449 shares of the business services provider's stock worth $25,455,000 after purchasing an additional 38,163 shares during the period. Finally, Millennium Management LLC raised its holdings in Huron Consulting Group by 58.7% in the 4th quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock worth $11,540,000 after purchasing an additional 34,353 shares during the period. Institutional investors and hedge funds own 93.90% of the company's stock.

Analysts Set New Price Targets

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

Huron Consulting Group Price Performance

Shares of HURN stock traded down $3.39 during trading hours on Wednesday, reaching $136.19. The company had a trading volume of 138,322 shares, compared to its average volume of 188,939. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 23.77 and a beta of 0.32. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. 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 stock has a fifty day moving average of $134.54 and a 200-day moving average of $139.84.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Transactions at Huron Consulting Group

In other news, insider Kyle Featherstone sold 375 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the completion of the transaction, the insider directly owned 1,311 shares in the company, valued at $177,942.03. This trade represents a 22.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $137.51, for a total value of $275,020.00. Following the transaction, the director owned 41,304 shares of the company's stock, valued at approximately $5,679,713.04. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,211 shares of company stock valued at $967,191. Corporate insiders own 2.15% of the company's stock.

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.