Ritholtz Wealth Management Buys Shares of 3,625 Huron Consulting Group Inc. $HURN

Key Points

• Ritholtz Wealth Management acquired 3,625 shares of Huron Consulting Group, valued at approximately $499,000, during the second quarter.
• Insider activity saw Director James H. Roth sell 2,000 shares at an average price of $146.30, marking a 4.84% decrease in his ownership.
• Analysts have varied opinions on Huron Consulting Group's stock, with Barrington Research raising the target price to $176 and a consensus rating of "Buy" across several firms.

Ritholtz Wealth Management bought a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,625 shares of the business services provider's stock, valued at approximately $499,000.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Huron Consulting Group in the first quarter worth $31,000. CWM LLC increased its holdings in shares of Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after purchasing an additional 146 shares during the period. Vestcor Inc bought a new position in shares of Huron Consulting Group in the first quarter worth $60,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Huron Consulting Group in the first quarter valued at $72,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Huron Consulting Group in the first quarter valued at $72,000. Institutional investors own 93.90% of the company's stock.

Insider Activity

In other news, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $146.30, for a total transaction of $292,600.00. Following the completion of the sale, the director directly owned 39,304 shares in the company, valued at approximately $5,750,175.20. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Mccartney sold 500 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $145.68, for a total transaction of $72,840.00. Following the sale, the director owned 50,317 shares of the company's stock, valued at approximately $7,330,180.56. This represents a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,888 shares of company stock valued at $1,378,690. Company insiders own 2.15% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on HURN shares. Barrington Research increased their target price 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 cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Huron Consulting Group in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $171.50.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $148.05 on Monday. The company has a 50-day simple moving average of $141.58 and a two-hundred day simple moving average of $139.93. 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 Inc. has a 12-month low of $102.94 and a 12-month high of $155.00. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 25.84 and a beta of 0.29.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted 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 company had revenue of $402.50 million during the quarter, compared to analyst estimates of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. Huron Consulting Group's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.

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