American Century Companies Inc. Acquires 14,289 Shares of Huron Consulting Group Inc. $HURN

Key Points

• American Century Companies Inc. increased its stake in Huron Consulting Group by 9.6%, now holding approximately 0.95% of the company valued at about $23.4 million.
• Huron Consulting Group reported earnings of $1.89 per share, exceeding estimates, with quarterly revenue showing an 8.3% increase year-over-year.
• The stock holds a consensus rating of "Buy" from research analysts, with an average price target of $171.50.

American Century Companies Inc. raised its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 9.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,070 shares of the business services provider's stock after buying an additional 14,289 shares during the period. American Century Companies Inc. owned about 0.95% of Huron Consulting Group worth $23,392,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of Huron Consulting Group in the 1st quarter valued at $35,000. CWM LLC lifted its stake in shares of 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 during the last quarter. Vestcor Inc acquired a new stake in shares of Huron Consulting Group in the 1st quarter valued at $60,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HURN shares. 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 shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $171.50.

Insider Buying and Selling at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $129.11, for a total value of $64,555.00. Following the sale, the director owned 51,317 shares of the company's stock, valued at $6,625,537.87. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were 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. The trade was a 11.30% 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 worth $624,066. Insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Performance

Huron Consulting Group stock traded down $2.24 on Thursday, reaching $136.01. 35,046 shares of the stock were exchanged, compared to its average volume of 203,923. The stock has a market cap of $2.35 billion, a PE ratio of 23.72 and a beta of 0.26. 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 Inc. has a twelve month low of $102.58 and a twelve month high of $155.00. The firm has a fifty day moving average price of $133.80 and a two-hundred day moving average price of $139.13.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.10. The company had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The business's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Sell-side analysts anticipate 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.