Sunriver Management LLC Has $29.81 Million Stake in Huron Consulting Group Inc. $HURN

Sunriver Management LLC lessened its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 16.2% during the first quarter, HoldingsChannel reports. The fund owned 233,820 shares of the business services provider’s stock after selling 45,269 shares during the quarter. Huron Consulting Group accounts for about 5.0% of Sunriver Management LLC’s investment portfolio, making the stock its 9th biggest holding. Sunriver Management LLC’s holdings in Huron Consulting Group were worth $29,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Maseco LLP acquired a new position in Huron Consulting Group during the 4th quarter valued at about $29,000. Strs Ohio bought a new stake in Huron Consulting Group during the 4th quarter worth approximately $35,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Huron Consulting Group in the third quarter worth approximately $35,000. Advisory Services Network LLC purchased a new stake in shares of Huron Consulting Group in the third quarter worth approximately $36,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Huron Consulting Group in the fourth quarter valued at approximately $39,000. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

Shares of HURN opened at $112.30 on Friday. The stock has a 50 day moving average of $104.82 and a 200 day moving average of $128.72. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 19.16 and a beta of 0.12. Huron Consulting Group Inc. has a 12 month low of $84.88 and a 12 month high of $186.77. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 2.10.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.15. The business had revenue of $451.77 million for the quarter, compared to analysts’ expectations of $437.12 million. Huron Consulting Group had a return on equity of 29.41% and a net margin of 5.94%.The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. As a group, sell-side analysts forecast that Huron Consulting Group Inc. will post 8.71 earnings per share for the current year.

Insider Transactions at Huron Consulting Group

In related news, Director Joy Brown sold 1,821 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $105.01, for a total value of $191,223.21. Following the transaction, the director directly owned 8,575 shares of the company’s stock, valued at approximately $900,460.75. The trade was a 17.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Debra Zumwalt sold 598 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $118.44, for a total transaction of $70,827.12. Following the transaction, the director owned 27,201 shares of the company’s stock, valued at approximately $3,221,686.44. The trade was a 2.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,862 shares of company stock worth $314,519 in the last ninety days. Company insiders own 2.07% of the company’s stock.

Analyst Upgrades and Downgrades

HURN has been the topic of several analyst reports. Weiss Ratings cut Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Truist Financial cut their price objective on shares of Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Wedbush reiterated an “outperform” rating and issued a $160.00 target price on shares of Huron Consulting Group in a report on Wednesday, May 6th. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. Finally, Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $184.25.

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.