Huron Consulting Group Inc. $HURN Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Huron Consulting Group by 44.3%, selling 240,510 shares and now holding 302,726 shares valued at approximately $43.4 million.
• Huron Consulting Group reported earnings per share of $1.89 for the last quarter, outperforming the consensus estimate by $0.10, alongside a revenue growth of 8.3% year-over-year.
• The stock is currently rated a "Buy" by five investment analysts, with a consensus price target of $171.50 after recent adjustments from various research firms.

Wellington Management Group LLP lessened its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 44.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 302,726 shares of the business services provider's stock after selling 240,510 shares during the quarter. Wellington Management Group LLP owned 1.76% of Huron Consulting Group worth $43,426,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Algert Global LLC grew its stake in Huron Consulting Group by 657.0% during the 1st quarter. Algert Global LLC now owns 80,965 shares of the business services provider's stock valued at $11,614,000 after purchasing an additional 70,270 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Huron Consulting Group by 9.6% in the first quarter. American Century Companies Inc. now owns 163,070 shares of the business services provider's stock worth $23,392,000 after buying an additional 14,289 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Huron Consulting Group in the first quarter worth about $72,000. Russell Investments Group Ltd. boosted its stake in shares of Huron Consulting Group by 38,020.0% in the first quarter. Russell Investments Group Ltd. now owns 9,530 shares of the business services provider's stock worth $1,367,000 after buying an additional 9,505 shares during the last quarter. Finally, Informed Momentum Co LLC purchased a new stake in shares of Huron Consulting Group in the first quarter worth about $3,988,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $129.11, for a total transaction of $64,555.00. Following the completion of the transaction, the director owned 51,317 shares of the company's stock, valued at $6,625,537.87. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $128.98, for a total value of $257,960.00. Following the transaction, the director directly owned 43,304 shares of the company's stock, valued at $5,585,349.92. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,711 shares of company stock worth $624,066 over the last three months. 2.15% of the stock is owned by insiders.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $1.62 during mid-day trading on Friday, reaching $136.96. 192,745 shares of the stock traded hands, compared to its average volume of 219,964. The business has a 50-day moving average of $133.95 and a 200 day moving average of $139.26. Huron Consulting Group Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $155.00. The stock has a market capitalization of $2.37 billion, a PE ratio of 23.90 and a beta of 0.26. The company has a quick ratio of 1.99, a current 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 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The business had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The business's revenue was up 8.3% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HURN. Barrington Research upped their target price 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. Wall Street Zen downgraded 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 data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $171.50.

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.