Huron Consulting Group (NASDAQ:HURN) Shares Gap Up – Here’s Why

Huron Consulting Group Inc. (NASDAQ:HURN)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $149.93, but opened at $156.97. Huron Consulting Group shares last traded at $154.7550, with a volume of 65,438 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HURN. Weiss Ratings raised shares of Huron Consulting Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Barrington Research reiterated an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. Zacks Research upgraded Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Truist Financial dropped their price objective on Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $184.25.

Huron Consulting Group Stock Up 2.4%

The company has a market capitalization of $2.44 billion, a P/E ratio of 23.01 and a beta of 0.07. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.11. The firm has a fifty day simple moving average of $140.04 and a 200-day simple moving average of $126.13.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data 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 return on equity of 32.33% and a net margin of 6.38%.The business had revenue of $475.04 million during the quarter, compared to analyst estimates of $448.98 million. During the same period in the previous year, the firm earned $1.89 EPS. Huron Consulting Group’s quarterly revenue 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. On average, equities research analysts expect that Huron Consulting Group Inc. will post 9.18 EPS for the current fiscal year.

Insider Activity at Huron Consulting Group

In other news, CEO C. Hussey sold 24,072 shares of the 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 owned 74,399 shares of the company’s stock, valued at $12,319,730.41. This represents a 24.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $152.67, for a total transaction of $70,075.53. Following the sale, the insider owned 1,050 shares in the company, valued at approximately $160,303.50. The trade was a 30.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.07% of the stock is owned by corporate insiders.

Institutional Trading of Huron Consulting Group

A number of institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in Huron Consulting Group in the 3rd quarter valued at approximately $35,000. Advisory Services Network LLC acquired a new stake in shares of Huron Consulting Group in the third quarter valued at approximately $36,000. Kemnay Advisory Services Inc. bought a new stake in shares of Huron Consulting Group in the fourth quarter worth $39,000. Caitong International Asset Management Co. Ltd boosted its holdings in Huron Consulting Group by 11,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider’s stock worth $41,000 after purchasing an additional 238 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Huron Consulting Group by 682.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 313 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 273 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group Inc (NASDAQ:HURN) is a professional services firm that helps organizations improve performance, manage change and address complex business challenges. The company works with clients across the healthcare, education, commercial and public sectors, providing consulting, technology and managed services.

Huron’s services include strategic planning, operational improvement, organizational transformation, financial and performance management, data and analytics, and technology implementation.