Huron Consulting Group (NASDAQ:HURN) Shares Up 7.6% Following Earnings Beat

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price shot up 7.6% during trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $123.79 and last traded at $125.3490. 26,864 shares changed hands during trading, a decline of 91% from the average daily volume of 283,379 shares. The stock had previously closed at $116.51.

The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.17 by $0.29. Huron Consulting Group had a return on equity of 30.79% and a net margin of 6.38%.The firm had revenue of $475.04 million during the quarter, compared to the consensus estimate of $448.98 million. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Ekta Singh-Bushell sold 443 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 $52,468.92. Following the sale, the director directly owned 13,646 shares in the company, valued at approximately $1,616,232.24. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joy Brown sold 1,821 shares of the business’s stock in a transaction on 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 directly owned 8,575 shares in the company, valued at approximately $900,460.75. This represents a 17.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,862 shares of company stock valued at $314,519 in the last 90 days. 2.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

A number of hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in Huron Consulting Group by 51.8% in the fourth quarter. Principal Financial Group Inc. now owns 476,863 shares of the business services provider’s stock valued at $82,454,000 after purchasing an additional 162,706 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at approximately $2,175,000. Fiduciary Management Inc. WI bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at approximately $90,661,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Huron Consulting Group during the 4th quarter valued at approximately $2,054,000. Finally, Oak Ridge Investments LLC purchased a new stake in shares of Huron Consulting Group during the 4th quarter valued at approximately $2,432,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Stock Performance

The company’s fifty day moving average is $106.50 and its 200 day moving average is $127.44. The company has a market capitalization of $2.75 billion, a P/E ratio of 25.37 and a beta of 0.12. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 2.10.

About Huron Consulting Group

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.