Renaissance Group LLC Acquires 14,770 Shares of Huron Consulting Group Inc. $HURN

Renaissance Group LLC lifted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 29.3% in the second quarter, HoldingsChannel reports. The fund owned 65,214 shares of the business services provider’s stock after buying an additional 14,770 shares during the period. Renaissance Group LLC’s holdings in Huron Consulting Group were worth $8,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in Huron Consulting Group in the first quarter worth $31,000. CWM LLC increased its holdings 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 buying an additional 146 shares during the period. Vestcor Inc bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at about $60,000. SBI Securities Co. Ltd. boosted its holdings in 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 valued at $58,000 after acquiring an additional 370 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Huron Consulting Group during the 1st quarter worth approximately $72,000. Institutional investors own 93.90% of the company’s stock.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $164.24, for a total transaction of $82,120.00. Following the completion of the sale, the director directly owned 49,817 shares of the company’s stock, valued at approximately $8,181,944.08. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director owned 37,304 shares of the company’s stock, valued at $6,122,705.52. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 17,808 shares of company stock worth $2,823,525. 2.15% of the stock is owned by insiders.

Huron Consulting Group Price Performance

HURN stock opened at $161.00 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.99 and a current ratio of 1.44. The firm has a 50 day moving average price of $152.37 and a 200-day moving average price of $143.34. Huron Consulting Group Inc. has a 52-week low of $116.77 and a 52-week high of $174.26. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 26.97 and a beta of 0.28.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on HURN. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. 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. Truist Financial raised their target price 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. Barrington Research upped their price target on Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Benchmark lifted 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. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently 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.