Strs Ohio Buys Shares of 6,300 Huron Consulting Group Inc. $HURN

Key Points

• Strs Ohio has acquired a new position in Huron Consulting Group, purchasing 6,300 shares valued at approximately $904,000 in the first quarter.
• Institutional ownership is significant, with 93.90% of the company's stock held by institutional investors and hedge funds.
• Huron Consulting Group reported $1.89 EPS for the last quarter, exceeding analyst expectations, and the firm has set its FY 2025 guidance at 7.300-7.70 EPS.

Strs Ohio acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,300 shares of the business services provider's stock, valued at approximately $904,000.

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

Huron Consulting Group Trading Down 1.3%

Shares of NASDAQ:HURN traded down $1.84 during midday trading on Friday, reaching $141.84. 154,494 shares of the company's stock were exchanged, compared to its average volume of 186,723. The firm's 50 day simple moving average is $135.18 and its two-hundred day simple moving average is $139.81. 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 stock has a market cap of $2.46 billion, a price-to-earnings ratio of 24.75 and a beta of 0.32. Huron Consulting Group Inc. has a fifty-two week low of $102.94 and a fifty-two week high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data 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 return on equity of 25.52% and a net margin of 6.60%.The firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. During the same period last year, the company earned $1.68 EPS. The company's quarterly revenue was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on HURN. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research raised 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. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $171.50.

Insider Activity

In related news, insider Kyle Featherstone sold 375 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the transaction, the insider owned 1,311 shares of the company's stock, valued at $177,942.03. This represents a 22.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $142,209.60. Following the transaction, the director directly owned 8,162 shares in the company, valued at $1,116,071.88. This represents a 11.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,211 shares of company stock valued at $967,191. 2.15% of the stock is owned by corporate insiders.

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.