Huron Consulting Group Inc. $HURN Position Raised by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. raised its stake in Huron Consulting Group by 38,020.0% in the first quarter, increasing its total shares to 9,530 and marking a substantial investment of $1,367,000.
• Several institutional investors, including Sowell Financial Services and KBC Group NV, made new investments in Huron Consulting Group during the same period, collectively embracing a strong level of institutional ownership at 93.90%.
• Analysts have mixed views on Huron Consulting Group, with Barrington Research raising its target price to $176.00, while Wall Street Zen downgraded the stock to a hold rating, reflecting varied expectations in the market.

Russell Investments Group Ltd. lifted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 38,020.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,530 shares of the business services provider's stock after purchasing an additional 9,505 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Huron Consulting Group worth $1,367,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of Huron Consulting Group by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Invesco Ltd. lifted its position in shares of Huron Consulting Group by 7.9% during the first quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock worth $40,455,000 after purchasing an additional 20,680 shares during the last quarter. Nuveen LLC bought a new position in shares of Huron Consulting Group during the first quarter worth about $38,511,000. Northern Trust Corp lifted its position in shares of Huron Consulting Group by 10.0% during the fourth quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock worth $31,922,000 after purchasing an additional 23,392 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its position in shares of Huron Consulting Group by 0.7% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock worth $35,047,000 after purchasing an additional 1,760 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

Insiders Place Their Bets

In other news, Director H Eugene Lockhart sold 1,040 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the sale, the director owned 8,162 shares of the company's stock, valued at approximately $1,116,071.88. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Mccartney sold 500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $129.11, for a total value of $64,555.00. Following the sale, the director directly owned 51,317 shares in the company, valued at approximately $6,625,537.87. The trade was a 0.96% 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. 2.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HURN. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barrington Research upped their target price on Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $171.50.

Huron Consulting Group Stock Performance

Shares of HURN traded up $1.62 during mid-day trading on Friday, reaching $136.96. 192,745 shares of the company's stock traded hands, compared to its average volume of 219,964. The business's 50-day moving average price is $133.95 and its 200-day moving average price is $139.33. The stock has a market capitalization of $2.37 billion, a P/E ratio of 23.90 and a beta of 0.26. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99. Huron Consulting Group Inc. has a 12 month low of $102.58 and a 12 month high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.10. The company had revenue of $402.50 million for the quarter, compared to analysts' expectations of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Equities analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

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.