Huron Consulting Group (NASDAQ:HURN) CEO Sells $3,986,082.48 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) CEO C. Mark Hussey sold 24,072 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the completion of the sale, the chief executive officer directly owned 74,399 shares in the company, valued at $12,319,730.41. This represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Huron Consulting Group Stock Down 7.3%

Shares of NASDAQ:HURN traded down $11.99 during mid-day trading on Friday, reaching $151.77. 871,145 shares of the stock were exchanged, compared to its average volume of 301,924. The company has a market cap of $2.41 billion, a P/E ratio of 22.72 and a beta of 0.12. Huron Consulting Group Inc. has a one year low of $84.88 and a one year high of $186.77. The stock’s 50 day simple moving average is $107.67 and its 200-day simple moving average is $127.32. The company has a quick ratio of 2.22, a current ratio of 1.71 and a debt-to-equity ratio of 2.11.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $448.98 million. During the same quarter last year, the firm earned $1.89 earnings per share. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. As a group, equities research analysts predict that Huron Consulting Group Inc. will post 9.24 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HURN. Zacks Research raised shares of Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Wedbush restated an “outperform” rating and set a $160.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, May 6th. Truist Financial cut their price objective on Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Weiss Ratings cut Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $184.25.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HURN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Huron Consulting Group by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock worth $1,501,000 after buying an additional 469 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Huron Consulting Group by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock worth $28,538,000 after buying an additional 68,891 shares during the period. Jane Street Group LLC bought a new stake in Huron Consulting Group in the first quarter valued at approximately $6,313,000. Intech Investment Management LLC increased its holdings in Huron Consulting Group by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock valued at $1,587,000 after purchasing an additional 2,425 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Huron Consulting Group by 174.4% in the 1st quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock worth $481,000 after purchasing an additional 2,136 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

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.