Royal Bank of Canada Trims Stock Position in Huron Consulting Group Inc. $HURN

Royal Bank of Canada lessened its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 10.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 184,821 shares of the business services provider's stock after selling 21,186 shares during the period. Royal Bank of Canada owned about 1.07% of Huron Consulting Group worth $26,512,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new stake in Huron Consulting Group in the 1st quarter valued at approximately $203,000. KBC Group NV purchased a new position in Huron Consulting Group in the 1st quarter valued at approximately $128,000. Lisanti Capital Growth LLC purchased a new position in Huron Consulting Group in the 1st quarter valued at approximately $4,626,000. GSA Capital Partners LLP purchased a new position in Huron Consulting Group in the 1st quarter valued at approximately $760,000. Finally, Informed Momentum Co LLC purchased a new position in Huron Consulting Group in the 1st quarter valued at approximately $3,988,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Activity

In other news, insider Kyle Featherstone sold 375 shares of Huron Consulting Group stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total transaction of $50,898.75. Following the completion of the sale, the insider directly owned 1,311 shares of the company's stock, valued at approximately $177,942.03. The trade was a 22.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on 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 of the company's stock, valued at approximately $5,679,713.04. This trade 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 valued at $967,191 in the last 90 days. Company insiders own 2.15% of the company's stock.

Analysts Set New Price Targets

HURN has been the subject of several recent research reports. Barrington Research raised their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. 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. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $171.50.

Huron Consulting Group Stock Down 0.8%

Shares of Huron Consulting Group stock traded down $1.18 during trading on Friday, hitting $140.70. 93,326 shares of the stock were exchanged, compared to its average volume of 186,422. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 24.55 and a beta of 0.32. The firm's 50-day moving average price is $134.60 and its 200 day moving average price is $140.06. Huron Consulting Group Inc. has a 12-month low of $102.94 and a 12-month high of $155.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99.

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