Huron Consulting Group (NASDAQ:HURN) Reaches New 1-Year High – What’s Next?

Huron Consulting Group Inc. (NASDAQ:HURN) shares reached a new 52-week high on Friday . The stock traded as high as $182.73 and last traded at $182.07, with a volume of 161013 shares changing hands. The stock had previously closed at $178.52.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Truist Financial raised their target price on Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Barrington Research raised their price objective on Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Wall Street Zen upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Benchmark boosted their price target on shares of Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $206.75.

Huron Consulting Group Stock Up 1.6%

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a fifty day moving average price of $171.26 and a two-hundred day moving average price of $151.12. The company has a market cap of $3.13 billion, a P/E ratio of 30.38 and a beta of 0.11.

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

Insider Buying and Selling

In related news, COO James Ronald Dail sold 662 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $170.11, for a total transaction of $112,612.82. Following the transaction, the chief operating officer directly owned 30,355 shares of the company’s stock, valued at $5,163,689.05. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ekta Singh-Bushell sold 1,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $178.55, for a total transaction of $178,550.00. Following the completion of the sale, the director owned 14,341 shares of the company’s stock, valued at approximately $2,560,585.55. This trade represents a 6.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,049 shares of company stock valued at $3,660,668 over the last 90 days. 2.15% of the stock is currently owned by company insiders.

Institutional Trading of Huron Consulting Group

A number of hedge funds have recently bought and sold shares of HURN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Huron Consulting Group by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock valued at $1,501,000 after purchasing an additional 469 shares during the period. Goldman Sachs Group Inc. grew its position in Huron Consulting Group by 53.0% during the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock valued at $28,538,000 after buying an additional 68,891 shares during the period. Jane Street Group LLC purchased a new stake in Huron Consulting Group during the first quarter worth about $6,313,000. Intech Investment Management LLC raised its position in Huron Consulting Group by 28.1% in the first quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock worth $1,587,000 after acquiring an additional 2,425 shares during the period. Finally, Acadian Asset Management LLC raised its position in Huron Consulting Group by 174.4% in the first quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock worth $481,000 after acquiring an additional 2,136 shares during the period. 93.90% of the stock is currently owned by institutional investors.

About Huron Consulting Group

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.