Envestnet Asset Management Inc. Has $8.34 Million Stock Holdings in Huron Consulting Group Inc. $HURN

Envestnet Asset Management Inc. raised its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,630 shares of the business services provider’s stock after purchasing an additional 3,734 shares during the period. Envestnet Asset Management Inc. owned 0.35% of Huron Consulting Group worth $8,339,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Huron Consulting Group during the 1st quarter worth about $31,000. CWM LLC raised its holdings in Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 146 shares during the period. Vestcor Inc bought a new position in Huron Consulting Group in the 1st quarter valued at about $60,000. Caitong International Asset Management Co. Ltd acquired a new stake in Huron Consulting Group during the first quarter worth approximately $72,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Huron Consulting Group during the first quarter worth approximately $72,000. 93.90% of the stock is owned by institutional investors.

Huron Consulting Group Stock Up 0.3%

Shares of NASDAQ HURN opened at $166.20 on Tuesday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 27.84 and a beta of 0.28. The stock’s fifty day moving average is $149.57 and its 200 day moving average is $142.26. Huron Consulting Group Inc. has a 52 week low of $116.77 and a 52 week high of $174.26. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.99 and a current ratio of 1.44.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.24. The business had revenue of $432.36 million during the quarter, compared to analysts’ expectations of $418.13 million. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. During the same quarter in the prior year, the business posted $1.68 earnings per share. Huron Consulting Group’s revenue was up 16.7% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. Sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Transactions at Huron Consulting Group

In related news, COO James Ronald Dail sold 167 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $170.89, for a total transaction of $28,538.63. Following the sale, the chief operating officer owned 31,017 shares in the company, valued at approximately $5,300,495.13. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $164.13, for a total value of $328,260.00. Following the sale, the director owned 37,304 shares of the company’s stock, valued at $6,122,705.52. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,479 shares of company stock valued at $2,914,496. Company insiders own 2.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HURN. Barrington Research increased their target price 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 raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Benchmark increased their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Huron Consulting Group presently has an average rating of “Buy” and an average price target of $175.25.

Huron Consulting Group Company Profile

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.