Huron Consulting Group (NASDAQ:HURN) Raised to “Strong-Buy” at Zacks Research

Huron Consulting Group (NASDAQ:HURN) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

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

Huron Consulting Group Stock Down 3.9%

Shares of Huron Consulting Group stock opened at $163.76 on Wednesday. Huron Consulting Group has a 12-month low of $84.88 and a 12-month high of $186.77. The company has a quick ratio of 2.22, a current ratio of 1.71 and a debt-to-equity ratio of 2.11. The stock has a 50 day moving average price of $107.67 and a two-hundred day moving average price of $127.32. The stock has a market capitalization of $2.61 billion, a P/E ratio of 24.51 and a beta of 0.12.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.46 EPS for the quarter, beating 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 analyst estimates of $448.98 million. During the same quarter last year, the firm posted $1.89 earnings per share. The company’s quarterly 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. Equities analysts expect that Huron Consulting Group will post 9.24 earnings per share for the current year.

Insider Buying and Selling

In other Huron Consulting Group news, Director Joy Brown sold 1,821 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $105.01, for a total value of $191,223.21. Following the sale, the director directly owned 8,575 shares in the company, valued at approximately $900,460.75. This trade represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Debra Zumwalt sold 598 shares of Huron Consulting Group stock in a transaction on Monday, May 11th. The stock was sold at an average price of $118.44, for a total transaction of $70,827.12. Following the transaction, the director directly owned 27,201 shares in the company, valued at approximately $3,221,686.44. This represents a 2.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,862 shares of company stock valued at $314,519 over the last three months. Company insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its position in shares of Huron Consulting Group by 46.5% during the second quarter. Harbor Investment Advisory LLC now owns 1,831 shares of the business services provider’s stock worth $165,000 after purchasing an additional 581 shares during the period. Empowered Funds LLC acquired a new stake in Huron Consulting Group during the 1st quarter worth approximately $258,000. Pine Valley Investments Ltd Liability Co bought a new position in Huron Consulting Group in the first quarter valued at approximately $858,000. Bank of America Corp DE boosted its holdings in shares of Huron Consulting Group by 6.6% in the first 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, California State Teachers Retirement System increased its position in shares of Huron Consulting Group by 25.9% during the first quarter. California State Teachers Retirement System now owns 20,621 shares of the business services provider’s stock worth $2,629,000 after acquiring an additional 4,239 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

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.