Jump Financial LLC Boosts Stock Position in Huron Consulting Group Inc. $HURN

Key Points

• Jump Financial LLC increased its stake in Huron Consulting Group Inc. by 275.7% in the first quarter, now holding approximately 0.21% of the company worth $5.23 million.
• Huron Consulting Group reported earnings per share of $1.89 for the last quarter, outperforming analysts' estimates and showing an 8.3% revenue increase year-over-year.
• Analysts have mixed views on Huron Consulting Group, with Barrington Research raising its price target to $176 while Wall Street Zen downgraded it to a "hold," maintaining a consensus rating of "Buy."

Jump Financial LLC grew its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 275.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,446 shares of the business services provider's stock after buying an additional 26,746 shares during the period. Jump Financial LLC owned 0.21% of Huron Consulting Group worth $5,228,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group during the 4th quarter valued at $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Huron Consulting Group during the 1st quarter valued at $35,000. CWM LLC raised its stake in shares of Huron Consulting Group by 55.9% during 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 period. Vestcor Inc bought a new stake in shares of Huron Consulting Group during the 1st quarter valued at $60,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Huron Consulting Group by 27.3% during 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 period. Hedge funds and other institutional investors own 93.90% of the company's stock.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $129.11, for a total value of $64,555.00. Following the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the transaction, the director owned 8,162 shares of the company's stock, valued at $1,116,071.88. The trade was a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,711 shares of company stock valued at $624,066 over the last 90 days. 2.15% of the stock is owned by insiders.

Huron Consulting Group Price Performance

NASDAQ HURN traded up $1.62 during trading on Friday, reaching $136.96. The company's stock had a trading volume of 192,745 shares, compared to its average volume of 219,964. 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 debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a fifty day moving average of $133.95 and a 200 day moving average of $139.26. Huron Consulting Group Inc. has a one year low of $102.58 and a one year high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. The business had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period 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. Analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on HURN. Barrington Research boosted their price objective on 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 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, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $171.50.

About Huron Consulting Group

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.