Northern Trust Corp Lowers Stock Holdings in Huron Consulting Group Inc. $HURN

Key Points

• Northern Trust Corp reduced its stake in Huron Consulting Group by 4.1%, now holding 246,271 shares worth approximately $35.33 million.
• Insider selling activity includes Director John McCartney and Kyle Featherstone, who sold 500 and 375 shares respectively, indicating a total insider sale of 4,711 shares valued at $624,066 over the past three months.
• Analysts have mixed ratings for Huron Consulting Group, with Wall Street Zen downgrading it from "buy" to "hold," while Barrington Research set a new target price of $176.00.

Northern Trust Corp lessened its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,271 shares of the business services provider's stock after selling 10,624 shares during the quarter. Northern Trust Corp owned about 1.43% of Huron Consulting Group worth $35,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HURN. Algert Global LLC raised its position 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 worth $11,614,000 after buying an additional 70,270 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Huron Consulting Group by 9.6% during the first quarter. American Century Companies Inc. now owns 163,070 shares of the business services provider's stock worth $23,392,000 after acquiring an additional 14,289 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Huron Consulting Group during the first quarter worth about $72,000. Russell Investments Group Ltd. lifted its position in 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 valued at $1,367,000 after purchasing an additional 9,505 shares during the period. Finally, Informed Momentum Co LLC acquired a new stake in Huron Consulting Group in the first quarter valued at about $3,988,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN traded up $7.20 during midday trading on Thursday, hitting $145.15. 306,068 shares of the stock were exchanged, compared to its average volume of 192,253. The stock has a market cap of $2.51 billion, a P/E ratio of 25.33 and a beta of 0.32. Huron Consulting Group Inc. has a twelve month low of $102.58 and a twelve month high of $155.00. The company has a 50 day moving average price of $134.39 and a 200-day moving average price of $139.54. 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 (NASDAQ:HURN - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The company had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same quarter in the previous year, the business posted $1.68 earnings per share. The firm's quarterly 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, research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analyst Ratings Changes

HURN has been the subject of a number of analyst reports. Barrington Research increased 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 lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Huron Consulting Group has an average rating of "Buy" and a consensus target price of $171.50.

Insider Buying and Selling

In related news, Director John Mccartney sold 500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $136.21, for a total value of $68,105.00. Following the completion of the transaction, the director owned 50,817 shares of the company's stock, valued at approximately $6,921,783.57. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $137.51, for a total transaction of $275,020.00. Following the sale, the director directly owned 41,304 shares in the company, valued at $5,679,713.04. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,211 shares of company stock worth $967,191 in the last quarter. Corporate insiders own 2.15% of the company's stock.

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.