UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 719,199 Shares of Huron Consulting Group Inc. $HURN

Key Points

• UBS AM significantly increased its stake in Huron Consulting Group by 149.7% during the first quarter, owning over 1.19 million shares valued at approximately $172 million.
• Wall Street analysts have mixed ratings for HURN, with Barrington Research raising the target price to $176, while Wall Street Zen downgraded it to a "hold" rating.
• Huron Consulting Group reported earnings per share of $1.89 for the last quarter, exceeding estimates and showing an 8.3% increase in revenue compared to the previous year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 149.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,199,574 shares of the business services provider's stock after acquiring an additional 719,199 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 6.95% of Huron Consulting Group worth $172,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HURN. Wellington Management Group LLP increased its position in shares of Huron Consulting Group by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after buying an additional 4,946 shares in the last quarter. Invesco Ltd. increased its position in shares of Huron Consulting Group by 7.9% in the 1st quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock valued at $40,455,000 after buying an additional 20,680 shares in the last quarter. Nuveen LLC bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at $38,511,000. Neumeier Poma Investment Counsel LLC increased its position in shares of Huron Consulting Group by 0.7% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock valued at $35,047,000 after buying an additional 1,760 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Huron Consulting Group by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider's stock valued at $28,538,000 after buying an additional 68,891 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research upped their target price on shares of 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 analysts have rated the stock with a Buy rating, According to MarketBeat.com, Huron Consulting Group presently has a consensus rating of "Buy" and an average price target of $171.50.

Huron Consulting Group Stock Up 0.3%

Shares of Huron Consulting Group stock traded up $0.37 during trading hours on Wednesday, reaching $141.98. 26,996 shares of the company's stock were exchanged, compared to its average volume of 202,122. The company has a 50 day moving average of $134.75 and a two-hundred day moving average of $139.87. Huron Consulting Group Inc. has a fifty-two week low of $102.94 and a fifty-two week high of $155.00. 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 stock has a market cap of $2.46 billion, a P/E ratio of 24.78 and a beta of 0.32.

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 analysts' consensus estimates of $1.79 by $0.10. The company had revenue of $402.50 million for 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%. Huron Consulting Group's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Activity

In other news, insider Kyle Featherstone sold 375 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the sale, the insider directly owned 1,311 shares of the company's stock, valued at approximately $177,942.03. This represents a 22.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mccartney sold 500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $136.21, for a total transaction of $68,105.00. Following the completion of the sale, the director directly owned 50,817 shares in the company, valued at approximately $6,921,783.57. The trade was a 0.97% 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. 2.15% of the stock is owned by company insiders.

Huron Consulting Group 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.