Lazard Asset Management LLC Cuts Holdings in Huron Consulting Group Inc. $HURN

Lazard Asset Management LLC lowered its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 76.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,298 shares of the business services provider’s stock after selling 39,013 shares during the period. Lazard Asset Management LLC’s holdings in Huron Consulting Group were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in HURN. Maseco LLP acquired a new position in shares of Huron Consulting Group during the fourth quarter worth about $29,000. Strs Ohio acquired a new stake in Huron Consulting Group in the fourth quarter valued at approximately $35,000. Brown Brothers Harriman & Co. acquired a new stake in Huron Consulting Group in the third quarter valued at approximately $35,000. Advisory Services Network LLC purchased a new position in Huron Consulting Group in the third quarter worth approximately $36,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Huron Consulting Group in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on HURN shares. Weiss Ratings cut shares of Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Zacks Research raised shares of Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wedbush reiterated an “outperform” rating and set a $160.00 target price on shares of Huron Consulting Group in a research note on Wednesday, May 6th. Truist Financial dropped their target price on Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Huron Consulting Group currently has a consensus rating of “Buy” and an average target price of $184.25.

Insider Activity at Huron Consulting Group

In other news, Director Debra Zumwalt sold 598 shares of Huron Consulting Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $118.44, for a total transaction of $70,827.12. Following the sale, the director owned 27,201 shares in the company, valued at approximately $3,221,686.44. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO C. Mark Hussey sold 24,072 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 74,399 shares of the company’s stock, valued at $12,319,730.41. The trade was a 24.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 27,393 shares of company stock valued at $4,370,677. Corporate insiders own 2.07% of the company’s stock.

Huron Consulting Group Stock Up 1.9%

HURN stock opened at $152.78 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11. Huron Consulting Group Inc. has a twelve month low of $84.88 and a twelve month high of $186.77. The company’s 50 day moving average is $110.46 and its two-hundred day moving average is $126.64. The stock has a market cap of $2.43 billion, a P/E ratio of 22.87 and a beta of 0.06.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $475.04 million during the quarter, compared to analysts’ expectations of $448.98 million. During the same quarter in the prior year, the business posted $1.89 EPS. The company’s revenue for the quarter 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. Research analysts expect that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.

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.