Huron Consulting Group Inc. $HURN Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 397.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,872 shares of the business services provider’s stock after purchasing an additional 32,661 shares during the quarter. Edgestream Partners L.P. owned 0.24% of Huron Consulting Group worth $5,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HURN. Quarry LP acquired a new position in Huron Consulting Group during the first quarter worth $31,000. Vestcor Inc purchased a new stake in shares of Huron Consulting Group during the 1st quarter worth $60,000. SBI Securities Co. Ltd. grew its stake in shares of Huron Consulting Group by 725.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 421 shares of the business services provider’s stock worth $58,000 after purchasing an additional 370 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Huron Consulting Group in the 1st quarter valued at about $72,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Huron Consulting Group in the first quarter valued at about $72,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 6,500 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $161.44, for a total transaction of $1,049,360.00. Following the completion of the sale, the director directly owned 43,317 shares in the company, valued at $6,993,096.48. This represents a 13.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO James Ronald Dail sold 7,824 shares of Huron Consulting Group stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $169.53, for a total value of $1,326,402.72. Following the completion of the transaction, the chief operating officer directly owned 31,184 shares in the company, valued at $5,286,623.52. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 21,808 shares of company stock valued at $3,529,760. Insiders own 2.15% of the company’s stock.

Huron Consulting Group Stock Performance

Huron Consulting Group stock opened at $164.81 on Wednesday. The stock has a fifty day moving average price of $156.85 and a 200 day moving average price of $144.30. Huron Consulting Group Inc. has a 52 week low of $118.25 and a 52 week high of $174.26. The firm has a market capitalization of $2.84 billion, a P/E ratio of 27.61 and a beta of 0.18. The company has a current ratio of 1.44, a quick ratio of 1.99 and a debt-to-equity ratio of 1.18.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.24. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The firm had revenue of $441.28 million for the quarter, compared to analyst estimates of $418.13 million. During the same period last year, the company earned $1.68 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. Equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HURN shares. Benchmark boosted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Truist Financial lifted their price target on Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Finally, Barrington Research increased their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Huron Consulting Group currently has an average rating of “Buy” and a consensus target price of $190.25.

Huron Consulting Group 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.