Charles Schwab Investment Management Inc. Has $29.15 Million Stock Position in Huron Consulting Group Inc. $HURN

Charles Schwab Investment Management Inc. decreased its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,176 shares of the business services provider’s stock after selling 2,200 shares during the period. Charles Schwab Investment Management Inc. owned 1.18% of Huron Consulting Group worth $29,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HURN. Opal Wealth Advisors LLC bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at about $35,000. Heck Capital Advisors LLC acquired a new position in Huron Consulting Group during the 4th quarter worth approximately $33,000. CWM LLC boosted its position in Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock worth $58,000 after acquiring an additional 146 shares during the last quarter. Vestcor Inc acquired a new position in Huron Consulting Group during the 1st quarter worth approximately $60,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after purchasing an additional 122 shares in the last quarter. 93.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HURN. Barrington Research upped their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $171.50.

Huron Consulting Group Stock Up 0.6%

HURN stock opened at $135.75 on Wednesday. The stock’s fifty day simple moving average is $133.61 and its two-hundred day simple moving average is $138.77. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. Huron Consulting Group Inc. has a 1-year low of $102.58 and a 1-year high of $155.00. The stock has a market cap of $2.35 billion, a P/E ratio of 23.69 and a beta of 0.26.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.10. The business had revenue of $402.50 million for the quarter, compared to analysts’ expectations of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Activity at Huron Consulting Group

In other news, insider Kyle Featherstone sold 375 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the completion of the transaction, the insider owned 1,311 shares in the company, valued at approximately $177,942.03. This represents a 22.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the sale, the director owned 8,162 shares in the company, valued at approximately $1,116,071.88. The trade was a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,379 shares of company stock worth $724,092 in the last three months. Corporate insiders own 2.15% of the company’s stock.

About Huron Consulting Group

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.