Huron Consulting Group Inc. (NASDAQ:HURN) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Huron Consulting Group Inc. has received a consensus rating of "Buy" from five brokerages, with an average 12-month price target of $171.50.
• The company reported $1.89 EPS for its last quarter, exceeding analysts' expectations, and has a projected FY 2025 guidance of 7.300-7.70 EPS.
• Several insiders have sold shares recently, including Director John McCartney, who sold 500 shares at an average price of $129.11, representing a 0.96% decrease in his position.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) has been assigned an average rating of "Buy" from the five analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $171.50.

HURN has been the topic of several analyst reports. Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research lifted 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.

Insider Activity at Huron Consulting Group

In related 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 transaction, the insider owned 1,311 shares in the company, valued at $177,942.03. The trade was a 22.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the transaction, the director owned 8,162 shares in the company, valued at approximately $1,116,071.88. The trade was a 11.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,711 shares of company stock valued at $624,066 in the last 90 days. 2.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Huron Consulting Group by 149.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider's stock valued at $172,079,000 after purchasing an additional 719,199 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Huron Consulting Group by 27.5% during the 2nd quarter. Franklin Resources Inc. now owns 610,908 shares of the business services provider's stock valued at $84,024,000 after purchasing an additional 131,620 shares during the last quarter. Jennison Associates LLC increased its position in shares of Huron Consulting Group by 17.4% during the 2nd quarter. Jennison Associates LLC now owns 581,397 shares of the business services provider's stock valued at $79,965,000 after purchasing an additional 86,069 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Huron Consulting Group by 0.9% during 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 purchasing an additional 4,946 shares during the last quarter. Finally, Sunriver Management LLC increased its position in shares of Huron Consulting Group by 10.6% during the 2nd quarter. Sunriver Management LLC now owns 378,211 shares of the business services provider's stock valued at $52,019,000 after purchasing an additional 36,303 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Price Performance

Shares of HURN stock traded up $3.34 during trading hours on Wednesday, reaching $138.73. The stock had a trading volume of 578,905 shares, compared to its average volume of 205,131. The stock's fifty day simple moving average is $133.59 and its 200 day simple moving average is $138.81. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. Huron Consulting Group has a 12 month low of $102.58 and a 12 month high of $155.00. The firm has a market capitalization of $2.40 billion, a PE ratio of 24.21 and a beta of 0.26.

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, beating the consensus estimate of $1.79 by $0.10. The business had revenue of $402.50 million during 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%. Huron Consulting Group's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, equities research analysts predict that Huron Consulting Group will post 6.1 EPS for the current 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.