Hsbc Holdings PLC Sells 2,510 Shares of Huron Consulting Group Inc. $HURN

Hsbc Holdings PLC cut its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 55.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,038 shares of the business services provider’s stock after selling 2,510 shares during the period. Hsbc Holdings PLC’s holdings in Huron Consulting Group were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Huron Consulting Group in the fourth quarter worth about $33,000. Opal Wealth Advisors LLC bought a new position in shares of Huron Consulting Group in the first quarter worth about $35,000. CWM LLC raised its stake in shares of Huron Consulting Group by 55.9% in the first 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 bought a new position in shares of Huron Consulting Group in the first quarter worth about $60,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Huron Consulting Group by 27.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after acquiring an additional 122 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Huron Consulting Group Stock Up 5.2%

Shares of NASDAQ:HURN opened at $145.15 on Friday. Huron Consulting Group Inc. has a 52 week low of $102.58 and a 52 week high of $155.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $2.51 billion, a PE ratio of 25.33 and a beta of 0.32. The company has a 50 day moving average price of $134.39 and a two-hundred day moving average price of $139.54.

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

Insider Activity

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $137.51, for a total value of $275,020.00. Following the completion of the sale, the director owned 41,304 shares of the company’s stock, valued at approximately $5,679,713.04. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mccartney sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $136.21, for a total transaction of $68,105.00. Following the completion of the sale, the director directly owned 50,817 shares of the company’s stock, valued at $6,921,783.57. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,211 shares of company stock worth $967,191 over the last three months. Company insiders own 2.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HURN shares. Barrington Research boosted their target price on shares of 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 shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Huron Consulting Group currently has an average rating of “Buy” and an average price target of $171.50.

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.