Invesco Ltd. Purchases 20,680 Shares of Huron Consulting Group Inc. $HURN

Key Points

• Invesco Ltd. increased its stake in Huron Consulting Group by 7.9%, owning 282,017 shares valued at approximately $40.5 million as of its latest SEC filing.
• Huron Consulting Group reported earnings of $1.89 per share for the last quarter, surpassing analysts' expectations of $1.79, while its revenue increased by 8.3% year-over-year.
• Institutional investors own a significant 93.90% of Huron Consulting Group's stock, indicating strong confidence from larger investment funds.

Invesco Ltd. raised its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,017 shares of the business services provider's stock after buying an additional 20,680 shares during the quarter. Invesco Ltd. owned 1.64% of Huron Consulting Group worth $40,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sowell Financial Services LLC bought a new stake in Huron Consulting Group in the 1st quarter valued at $203,000. KBC Group NV bought a new stake in Huron Consulting Group in the 1st quarter valued at $128,000. Lisanti Capital Growth LLC bought a new stake in Huron Consulting Group in the 1st quarter valued at $4,626,000. GSA Capital Partners LLP bought a new stake in Huron Consulting Group in the 1st quarter valued at $760,000. Finally, Teacher Retirement System of Texas increased its holdings in Huron Consulting Group by 32.5% in the 1st quarter. Teacher Retirement System of Texas now owns 31,781 shares of the business services provider's stock valued at $4,559,000 after buying an additional 7,788 shares during the period. Institutional investors own 93.90% of the company's stock.

Wall Street Analyst Weigh In

HURN has been the topic of several analyst reports. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barrington Research boosted 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 note on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Huron Consulting Group presently has an average rating of "Buy" and an average price target of $171.50.

Insider Activity 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 transaction of $64,555.00. Following the transaction, the director owned 51,317 shares in the company, valued at $6,625,537.87. This represents a 0.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kyle Featherstone sold 375 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the transaction, the insider owned 1,311 shares in the company, valued at approximately $177,942.03. This trade represents a 22.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,711 shares of company stock worth $624,066 in the last 90 days. Corporate insiders own 2.15% of the company's stock.

Huron Consulting Group Price Performance

NASDAQ HURN traded up $3.34 on Friday, hitting $138.73. 578,905 shares of the company were exchanged, compared to its average volume of 196,514. The firm has a 50 day moving average of $133.67 and a two-hundred day moving average of $138.99. The company has a market cap of $2.40 billion, a P/E ratio of 24.21 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 1-year low of $102.58 and a 1-year high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results 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 business 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 firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, equities 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.