Huron Consulting Group (NASDAQ:HURN) Shares Up 8.6% – Still a Buy?

Huron Consulting Group Inc. (NASDAQ:HURN) was up 8.6% during mid-day trading on Wednesday . The company traded as high as $98.47 and last traded at $97.8960. 203,608 shares were traded during trading, a decline of 29% from the average daily volume of 287,872 shares. The stock had previously closed at $90.16.

Analysts Set New Price Targets

Several research firms recently commented on HURN. Barrington Research reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Wedbush reaffirmed an “outperform” rating and set a $160.00 target price on shares of Huron Consulting Group in a research report on Wednesday, May 6th. Weiss Ratings downgraded Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Truist Financial decreased their price target on shares of Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Finally, Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Huron Consulting Group currently has an average rating of “Moderate Buy” and a consensus target price of $184.25.

Huron Consulting Group Price Performance

The stock’s 50 day simple moving average is $108.56 and its 200 day simple moving average is $136.16. The firm has a market cap of $1.58 billion, a P/E ratio of 16.58 and a beta of 0.12. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.22 and a current ratio of 2.22.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.58 by $0.15. Huron Consulting Group had a return on equity of 29.41% and a net margin of 5.94%.The business had revenue of $451.77 million for the quarter, compared to the consensus estimate of $437.12 million. During the same period last year, the business posted $1.68 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. Research analysts anticipate that Huron Consulting Group Inc. will post 8.71 EPS for the current year.

Insider Activity at Huron Consulting Group

In other news, Director Joy Brown sold 1,821 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $105.01, for a total value of $191,223.21. Following the completion of the transaction, the director owned 8,575 shares of the company’s stock, valued at $900,460.75. This represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Debra Zumwalt sold 598 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $118.44, for a total value of $70,827.12. Following the sale, the director owned 27,201 shares of the company’s stock, valued at $3,221,686.44. This represents 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. In the last quarter, insiders have sold 2,862 shares of company stock worth $314,519. 2.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maseco LLP bought a new stake in shares of Huron Consulting Group during the fourth quarter valued at approximately $29,000. Strs Ohio bought a new position in shares of Huron Consulting Group during the fourth quarter worth $35,000. Brown Brothers Harriman & Co. purchased a new position in Huron Consulting Group during the third quarter valued at $35,000. Advisory Services Network LLC bought a new stake in Huron Consulting Group in the 3rd quarter valued at $36,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Huron Consulting Group in the 4th quarter valued at $39,000. 93.90% of the stock is currently 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.