Insider Selling: Huron Consulting Group (NASDAQ:HURN) Director Sells 500 Shares of Stock

Key Points

• John Mccartney, a director of Huron Consulting Group, sold 500 shares of the company's stock at an average price of $145.68, totaling $72,840, and now owns 50,317 shares valued at approximately $7.33 million.
• Huron Consulting Group's stock has increased by 1.6%, trading at $150.00, with market capitalization of $2.60 billion and a PE ratio of 26.18.
• The company reported a 6.60% net margin and a 25.52% return on equity, beating EPS estimates for the last quarter by $0.10, with guidance for FY 2025 set at $7.30-7.70 EPS.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director John Mccartney sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $145.68, for a total transaction of $72,840.00. Following the completion of the sale, the director directly owned 50,317 shares in the company, valued at approximately $7,330,180.56. This trade represents a 0.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Mccartney also recently made the following trade(s):

• On Tuesday, September 2nd, John Mccartney sold 500 shares of Huron Consulting Group stock. The shares were sold at an average price of $136.21, for a total transaction of $68,105.00.
• On Friday, August 1st, John Mccartney sold 500 shares of Huron Consulting Group stock. The shares were sold at an average price of $129.11, for a total transaction of $64,555.00.

Huron Consulting Group Stock Up 1.6%

NASDAQ:HURN traded up $2.42 during mid-day trading on Friday, hitting $150.00. The stock had a trading volume of 28,825 shares, compared to its average volume of 197,237. The company has a market capitalization of $2.60 billion, a PE ratio of 26.18 and a beta of 0.29. Huron Consulting Group Inc. has a twelve month low of $102.94 and a twelve month 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 50-day simple moving average of $137.53 and a two-hundred day simple moving average of $139.72.

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 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 prior year, the firm 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 anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barrington Research raised 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 report on Thursday, August 7th. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $171.50.

Hedge Funds Weigh In On Huron Consulting Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HURN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $172,079,000 after purchasing an additional 719,199 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Huron Consulting Group during the 1st quarter worth $38,511,000. BloombergSen Inc. purchased a new stake in shares of Huron Consulting Group during the 2nd quarter worth $32,157,000. Franklin Resources Inc. boosted 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 worth $84,024,000 after purchasing an additional 131,620 shares in the last quarter. Finally, SG Capital Management LLC purchased a new stake in shares of Huron Consulting Group during the 2nd quarter worth $14,860,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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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