Huron Consulting Group (NASDAQ:HURN) Announces Earnings Results

Huron Consulting Group (NASDAQ:HURN) released its earnings results on Tuesday. The business services provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.23, FiscalAI reports. The company had revenue of $441.96 million for the quarter, compared to analysts’ expectations of $433.57 million. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.

Huron Consulting Group Stock Performance

Huron Consulting Group stock traded down $0.80 on Tuesday, reaching $126.36. 353,262 shares of the stock were exchanged, compared to its average volume of 288,646. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.18. Huron Consulting Group has a twelve month low of $120.25 and a twelve month high of $186.77. The firm has a fifty day moving average price of $166.89 and a two-hundred day moving average price of $157.06. The stock has a market cap of $2.18 billion, a PE ratio of 21.17 and a beta of 0.08.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HURN. Wedbush increased their target price on shares of Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Barrington Research lifted their price objective on Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a report on Thursday, January 22nd. Finally, Benchmark boosted their price target on Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $215.50.

Insider Buying and Selling at Huron Consulting Group

In other news, Director Ekta Singh-Bushell sold 1,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $178.55, for a total value of $178,550.00. Following the completion of the sale, the director directly owned 14,341 shares of the company’s stock, valued at approximately $2,560,585.55. This represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $164.57, for a total transaction of $329,140.00. Following the completion of the sale, the director owned 35,304 shares in the company, valued at approximately $5,809,979.28. The trade was a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,958 shares of company stock worth $837,371 in the last ninety days. 2.15% of the stock is owned by insiders.

Institutional Trading of Huron Consulting Group

A number of hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Huron Consulting Group by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock valued at $1,501,000 after buying an additional 469 shares during the period. Goldman Sachs Group Inc. lifted 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 worth $28,538,000 after acquiring an additional 68,891 shares during the period. Jane Street Group LLC bought a new stake in shares of Huron Consulting Group in the 1st quarter worth approximately $6,313,000. Intech Investment Management LLC grew its holdings in shares of Huron Consulting Group by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock worth $1,587,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Huron Consulting Group by 174.4% during the first quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock valued at $481,000 after purchasing an additional 2,136 shares during the period. 93.90% of the stock is owned by institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.