Huron Consulting Group (NASDAQ:HURN) Receives Buy (B) Rating from Weiss Ratings

Huron Consulting Group (NASDAQ:HURN)‘s stock had its “buy (b)” rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on HURN. Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barrington Research increased their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Huron Consulting Group presently has a consensus rating of “Buy” and an average target price of $171.50.

Huron Consulting Group Trading Up 1.6%

Shares of Huron Consulting Group stock opened at $152.30 on Wednesday. The stock has a market capitalization of $2.64 billion, a P/E ratio of 26.58 and a beta of 0.29. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The company has a 50-day simple moving average of $138.92 and a 200 day simple moving average of $139.83. Huron Consulting Group has a 12-month low of $102.94 and a 12-month high of $155.00.

Huron Consulting Group (NASDAQ:HURN) last issued 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 firm had revenue of $402.50 million for the quarter, compared to analysts’ expectations of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Research analysts expect that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kyle Featherstone sold 375 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total transaction of $50,898.75. Following the transaction, the insider owned 1,311 shares of the company’s stock, valued at $177,942.03. This trade 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 link. Also, Director John Mccartney sold 500 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $145.68, for a total transaction of $72,840.00. Following the completion of the sale, the director owned 50,317 shares in the company, valued at approximately $7,330,180.56. This trade represents a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,888 shares of company stock valued at $1,378,690. Insiders own 2.15% of the company’s stock.

Institutional Trading of Huron Consulting Group

A number of large investors have recently made changes to their positions in HURN. Wealth Enhancement Advisory Services LLC grew its stake in Huron Consulting Group by 3.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 121 shares during the period. Rhumbline Advisers lifted its holdings in shares of Huron Consulting Group by 5.8% during the 1st quarter. Rhumbline Advisers now owns 26,280 shares of the business services provider’s stock valued at $3,770,000 after purchasing an additional 1,447 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Huron Consulting Group by 27.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 177,449 shares of the business services provider’s stock valued at $25,455,000 after purchasing an additional 38,163 shares in the last quarter. USA Financial Formulas acquired a new stake in Huron Consulting Group during the 1st quarter worth approximately $114,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Huron Consulting Group during the 1st quarter worth approximately $35,000. Institutional investors own 93.90% of the company’s stock.

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.