Huron Consulting Group (NASDAQ:HURN) Hits New 12-Month High - What's Next?

Key Points

• Huron Consulting Group shares reached a new 52-week high, trading as high as $186.80 and up 5.5%, with a market capitalization of approximately $3.08 billion.
• Recent quarterly results exceeded expectations: adjusted EPS was $2.46 versus the $2.17 consensus, while revenue rose 15.7% year over year to $475.04 million. Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and one Hold.
• Institutional investors own 93.9% of the company, including a new $125.2 million position from BlackRock, while insiders sold roughly $4.1 million worth of shares over the past three months.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $186.80 and last traded at $184.8160, with a volume of 95,676 shares trading hands. The stock had previously closed at $183.32.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HURN shares. Wall Street Zen raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Huron Consulting Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Zacks Research downgraded shares of Huron Consulting Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $184.25.

Huron Consulting Group Trading Up 5.5%

The stock has a 50 day simple moving average of $160.44 and a 200-day simple moving average of $132.35. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $3.08 billion, a P/E ratio of 28.94 and a beta of 0.09.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.29. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The company had revenue of $475.04 million for the quarter, compared to the consensus estimate of $448.98 million. During the same quarter last year, the firm posted $1.89 earnings per share. The firm's revenue was up 15.7% compared to the same quarter last year. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. On average, equities research analysts forecast that Huron Consulting Group Inc. will post 9.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Huron Consulting Group news, CEO C. Hussey sold 24,072 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the transaction, the chief executive officer owned 74,399 shares of the company's stock, valued at $12,319,730.41. The trade was a 24.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the firm's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $152.67, for a total transaction of $70,075.53. Following the sale, the insider owned 1,050 shares in the company, valued at $160,303.50. The trade was a 30.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 24,613 shares of company stock valued at $4,069,914. Insiders own 2.07% of the company's stock.

Institutional Trading of Huron Consulting Group

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Huron Consulting Group in the second quarter worth $125,191,000. Jennison Associates LLC lifted its position in Huron Consulting Group by 13.6% during the first quarter. Jennison Associates LLC now owns 667,887 shares of the business services provider's stock valued at $85,149,000 after purchasing an additional 80,132 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Huron Consulting Group by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 641,714 shares of the business services provider's stock worth $81,811,000 after acquiring an additional 12,528 shares during the last quarter. Bank of America Corp DE raised its holdings in Huron Consulting Group by 6.6% during the 1st quarter. Bank of America Corp DE now owns 267,172 shares of the business services provider's stock valued at $34,062,000 after buying an additional 16,482 shares during the period. Finally, Congress Asset Management Co. boosted its stake in shares of Huron Consulting Group by 12.5% during the 3rd quarter. Congress Asset Management Co. now owns 106,781 shares of the business services provider's stock worth $16,746,000 after purchasing an additional 11,836 shares during the period. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Company Profile

Huron Consulting Group, Inc is a professional services firm that helps organizations improve performance, manage change, and use technology to address complex business challenges. The company serves clients in the healthcare, education, and public sectors, as well as commercial organizations.

Its services include operational and financial improvement, strategy and organizational consulting, digital transformation, technology implementation, data and analytics, and managed services. Huron also provides specialized advisory support for hospitals and health systems, colleges and universities, government agencies, and businesses seeking to improve processes, financial performance, and customer or patient experiences.

Founded in 2002 and headquartered in Chicago, Huron serves clients across the United States and internationally.

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