Truist Financial Corp Invests $959,000 in Huron Consulting Group Inc. $HURN

Key Points

• Truist Financial Corp has invested $959,000 in Huron Consulting Group, acquiring 6,970 shares during the second quarter.
• Insider trading activity included Kyle Featherstone selling 375 shares and COO James Ronald Dail selling 1,421 shares, resulting in a notable decrease in their respective ownership percentages.
• Huron Consulting Group reported $1.89 earnings per share for the last quarter, exceeding analyst estimates, with revenue increasing 8.3% year-over-year.

Truist Financial Corp purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,970 shares of the business services provider's stock, valued at approximately $959,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Huron Consulting Group in the first quarter valued at approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in Huron Consulting Group in the first quarter valued at approximately $35,000. CWM LLC raised its holdings in Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after acquiring an additional 146 shares in the last quarter. Vestcor Inc acquired a new stake in Huron Consulting Group in the first quarter valued at approximately $60,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Huron Consulting Group in the first quarter valued at approximately $72,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Buying and Selling at Huron Consulting Group

In other news, insider Kyle Featherstone sold 375 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. This trade represents a 22.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James Ronald Dail sold 1,421 shares of Huron Consulting Group stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $150.00, for a total transaction of $213,150.00. Following the completion of the transaction, the chief operating officer owned 39,608 shares in the company, valued at approximately $5,941,200. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,888 shares of company stock valued at $1,378,690. 2.15% of the stock is currently owned by insiders.

Huron Consulting Group Stock Performance

Shares of HURN opened at $147.73 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. The firm has a market cap of $2.56 billion, a PE ratio of 25.78 and a beta of 0.29. The company's 50 day simple moving average is $140.11 and its 200-day simple moving average is $139.86. Huron Consulting Group Inc. has a 12-month low of $102.94 and a 12-month high of $155.00.

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. The business had revenue of $402.50 million for 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%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, equities analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Barrington Research raised their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $171.50.

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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