Wall Street Zen Upgrades Huron Consulting Group (NASDAQ:HURN) to “Buy”

Huron Consulting Group (NASDAQ:HURN) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities research analysts also recently issued reports about the stock. Barrington Research lifted their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Finally, Benchmark upped their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $175.25.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN opened at $164.44 on Friday. The firm has a market cap of $2.84 billion, a PE ratio of 27.54 and a beta of 0.29. The firm’s 50 day simple moving average is $146.04 and its 200-day simple moving average is $141.07. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.99 and a current ratio of 1.44. Huron Consulting Group has a one year low of $112.94 and a one year high of $174.26.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.24. The company had revenue of $432.36 million for the quarter, compared to analyst estimates of $418.13 million. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. Huron Consulting Group’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, equities analysts predict that Huron Consulting Group will post 6.1 EPS for the current year.

Insider Activity

In related news, insider Kyle Featherstone sold 375 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the completion of the sale, the insider owned 1,311 shares in the company, valued at approximately $177,942.03. This trade represents a 22.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $146.30, for a total transaction of $292,600.00. Following the completion of the sale, the director owned 39,304 shares of the company’s stock, valued at $5,750,175.20. This trade represents a 4.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,979 shares of company stock worth $2,762,076 over the last quarter. 2.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huron Consulting Group

Several institutional investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Huron Consulting Group by 149.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider’s stock worth $172,079,000 after acquiring an additional 719,199 shares in the last quarter. Franklin Resources Inc. lifted its position in Huron Consulting Group by 27.5% in the second quarter. Franklin Resources Inc. now owns 610,908 shares of the business services provider’s stock valued at $84,024,000 after acquiring an additional 131,620 shares during the last quarter. Jennison Associates LLC lifted its position in Huron Consulting Group by 17.4% in the second quarter. Jennison Associates LLC now owns 581,397 shares of the business services provider’s stock valued at $79,965,000 after acquiring an additional 86,069 shares during the last quarter. Sunriver Management LLC lifted its position in Huron Consulting Group by 10.6% in the second quarter. Sunriver Management LLC now owns 378,211 shares of the business services provider’s stock valued at $52,019,000 after acquiring an additional 36,303 shares during the last quarter. Finally, BloombergSen Inc. lifted its position in Huron Consulting Group by 56.2% in the third quarter. BloombergSen Inc. now owns 365,167 shares of the business services provider’s stock valued at $53,596,000 after acquiring an additional 131,365 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.