Strs Ohio Invests $904,000 in 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 bought a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,300 shares of the business services provider's stock, valued at approximately $904,000.

Several other institutional investors also recently bought and sold shares of HURN. Quarry LP purchased a new stake in Huron Consulting Group in the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group in the 4th quarter valued at $33,000. Opal Wealth Advisors LLC purchased a new stake in Huron Consulting Group during the first quarter worth $35,000. CWM LLC grew its position in Huron Consulting Group by 55.9% during the first quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after buying an additional 146 shares during the period. Finally, Vestcor Inc purchased a new position in Huron Consulting Group in the first quarter valued at $60,000. 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 $1.43 during midday trading on Monday, hitting $143.27. The company had a trading volume of 98,457 shares, compared to its average volume of 165,502. Huron Consulting Group Inc. has a twelve month low of $102.94 and a twelve month high of $155.00. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 25.00 and a beta of 0.32. 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 business's 50-day simple moving average is $135.37 and its 200-day simple moving average is $139.67.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same period in the prior year, the business earned $1.68 EPS. The firm'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. On average, research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barrington Research increased their price target on Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $171.50.

Insider Activity

In other Huron Consulting Group news, insider Kyle Featherstone sold 375 shares of the firm'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 completion of the sale, the insider owned 1,311 shares of the company's stock, valued at $177,942.03. This trade represents a 22.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the transaction, the director directly owned 8,162 shares in the company, valued at approximately $1,116,071.88. This trade represents a 11.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,211 shares of company stock valued at $967,191. Company 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.