Huron Consulting Group (NASDAQ:HURN) Insider Kyle Featherstone Sells 375 Shares

Key Points

• Insider Kyle Featherstone sold 375 shares of Huron Consulting Group at an average price of $135.73, reducing his ownership by 22.24%.
• The company reported earnings of $1.89 per share, surpassing estimates, with revenue of $402.50 million for the last quarter, an 8.3% increase from the previous year.
• Analysts have a moderate outlook on Huron Consulting Group, with an average target price of $171.50 and six analysts rating it as a "buy" or "hold."

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) insider Kyle Featherstone sold 375 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $135.73, for a total transaction of $50,898.75. Following the completion of the transaction, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. This represents a 22.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $3.34 during midday trading on Friday, hitting $138.73. 578,905 shares of the company traded hands, compared to its average volume of 196,514. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 24.21 and a beta of 0.26. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99. The firm's fifty day moving average price is $133.67 and its 200-day moving average price is $138.90. Huron Consulting Group Inc. has a 12 month low of $102.58 and a 12 month high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly 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 company 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 firm's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. 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 earnings per share for the current year.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group in the 4th quarter valued at $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at $35,000. N.E.W. Advisory Services LLC bought a new stake in shares of Huron Consulting Group in the 2nd quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Huron Consulting Group by 1,018.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the business services provider's stock valued at $51,000 after purchasing an additional 336 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HURN shares. Barrington Research lifted their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Huron Consulting Group presently has a consensus rating of "Buy" and an average target price of $171.50.

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.