Huron Consulting Group Inc. $HURN Stock Sold by Ninety One UK Ltd

Ninety One UK Ltd cut its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 45.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 53,888 shares of the business services provider’s stock after selling 45,202 shares during the quarter. Ninety One UK Ltd’s holdings in Huron Consulting Group were worth $8,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Huron Consulting Group in the 2nd quarter worth about $125,191,000. Jennison Associates LLC raised its holdings in shares of 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 buying an additional 80,132 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $81,811,000 after buying an additional 12,528 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Huron Consulting Group by 6.6% during 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 last quarter. Finally, Congress Asset Management Co. boosted its position in shares of Huron Consulting Group by 12.5% during the third quarter. Congress Asset Management Co. now owns 106,781 shares of the business services provider’s stock worth $16,746,000 after buying an additional 11,836 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Huron Consulting Group Price Performance

Shares of NASDAQ HURN opened at $175.47 on Friday. The stock has a market cap of $2.79 billion, a P/E ratio of 26.27 and a beta of 0.09. The firm’s 50-day simple moving average is $158.31 and its 200 day simple moving average is $130.93. Huron Consulting Group Inc. has a fifty-two week low of $84.88 and a fifty-two week high of $186.77. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.11.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.29. The firm had revenue of $475.04 million during the quarter, compared to analyst estimates of $448.98 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. Huron Consulting Group’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Equities analysts expect that Huron Consulting Group Inc. will post 9.18 EPS for the current year.

Insider Transactions at Huron Consulting Group

In other news, CEO C. Hussey sold 24,072 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total value of $3,986,082.48. Following the completion of the transaction, the chief executive officer directly owned 74,399 shares in the company, valued at $12,319,730.41. This trade represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 1,050 shares of the company’s stock, valued at $160,303.50. This trade represents a 30.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,613 shares of company stock worth $4,069,914 over the last 90 days. 2.07% of the stock is owned by insiders.

Huron Consulting Group Company Profile

Huron Consulting Group Inc (NASDAQ:HURN) is a global professional services company that helps organizations improve performance, manage change and address complex business challenges. Founded in 2002 and headquartered in Chicago, Illinois, the company serves clients in the healthcare, education and commercial sectors.

Huron’s services include strategy and operations consulting, digital transformation, technology implementation, data and analytics, financial and performance improvement, and managed services.