Huron Consulting Group Inc. $HURN Shares Sold by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd cut its Huron Consulting Group stake by 45.6% in the third quarter, selling 45,202 shares and retaining 53,888 shares worth approximately $8.45 million. Institutional investors collectively own 93.9% of Huron’s stock.
• Company insiders sold 24,613 shares worth about $4.07 million over the past 90 days, including CEO C. Hussey’s sale of 24,072 shares under a pre-arranged Rule 10b5-1 trading plan.
• Huron exceeded quarterly expectations with $2.46 in EPS and $475.04 million in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $184.25.

Ninety One UK Ltd reduced its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 45.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,888 shares of the business services provider's stock after selling 45,202 shares during the quarter. Ninety One UK Ltd owned 0.34% of Huron Consulting Group worth $8,451,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. NorthCrest Asset Manangement LLC bought a new stake in shares of Huron Consulting Group in the third quarter worth $229,000. Diversified Management Inc. bought a new position in Huron Consulting Group during the 3rd quarter valued at $1,927,000. GAMMA Investing LLC boosted its stake in Huron Consulting Group by 57.9% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the business services provider's stock valued at $45,000 after acquiring an additional 106 shares during the last quarter. Congress Asset Management Co. boosted its stake in Huron Consulting Group by 12.5% during the 3rd quarter. Congress Asset Management Co. now owns 106,781 shares of the business services provider's stock valued at $16,746,000 after acquiring an additional 11,836 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Huron Consulting Group during the 2nd quarter worth $547,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Insiders Place Their Bets

In other news, CEO C. Hussey sold 24,072 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the completion of the transaction, the chief executive officer directly owned 74,399 shares of the company's stock, valued at approximately $12,319,730.41. This represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $152.67, for a total value of $70,075.53. Following the completion of the sale, the insider directly owned 1,050 shares in the company, valued at approximately $160,303.50. This trade represents a 30.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 24,613 shares of company stock valued at $4,069,914. 2.07% of the stock is currently owned by corporate insiders.

Huron Consulting Group Price Performance

Shares of HURN opened at $175.47 on Friday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 26.27 and a beta of 0.09. The stock has a 50 day moving average of $158.31 and a 200-day moving average of $130.93. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11. Huron Consulting Group Inc. has a 52 week low of $84.88 and a 52 week high of $186.77.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.29. The business had revenue of $475.04 million during the quarter, compared to the consensus estimate of $448.98 million. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%. The business's quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 EPS. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. As a group, analysts forecast that Huron Consulting Group Inc. will post 9.18 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on HURN. Wall Street Zen raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Huron Consulting Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Finally, Zacks Research cut shares of Huron Consulting Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $184.25.

Huron Consulting Group Profile

Huron Consulting Group Inc NASDAQ: HURN is a global professional services company that helps organizations improve performance, manage change and address complex business challenges. Founded in 2002 and headquartered in Chicago, Illinois, the company serves clients in the healthcare, education and commercial sectors.

Huron's services include strategy and operations consulting, digital transformation, technology implementation, data and analytics, financial and performance improvement, and managed services.

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