Boston Partners Lowers Stake in Huron Consulting Group Inc. $HURN

Boston Partners reduced its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 9.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 756,876 shares of the business services provider’s stock after selling 81,594 shares during the period. Boston Partners owned approximately 4.37% of Huron Consulting Group worth $103,793,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HURN. Quarry LP purchased a new stake in Huron Consulting Group during the first quarter valued at about $31,000. CWM LLC raised its holdings in shares of Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after buying an additional 146 shares in the last quarter. Vestcor Inc bought a new stake in Huron Consulting Group in the 1st quarter worth approximately $60,000. Caitong International Asset Management Co. Ltd bought a new stake in Huron Consulting Group in the 1st quarter worth approximately $72,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Huron Consulting Group in the first quarter worth approximately $72,000. Institutional investors own 93.90% of the company’s stock.

Insider Transactions at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $164.13, for a total transaction of $328,260.00. Following the transaction, the director directly owned 37,304 shares of the company’s stock, valued at approximately $6,122,705.52. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James Ronald Dail sold 167 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $170.89, for a total transaction of $28,538.63. Following the completion of the transaction, the chief operating officer owned 31,017 shares of the company’s stock, valued at $5,300,495.13. This trade represents a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 18,479 shares of company stock worth $2,914,496. 2.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on HURN. Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research note on Wednesday, October 8th. Barrington Research lifted their target price on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. 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. Finally, Benchmark raised their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $175.25.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN opened at $167.14 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.99 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $150.15 and a 200-day moving average price of $142.49. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 28.00 and a beta of 0.28. Huron Consulting Group Inc. has a 12 month low of $116.77 and a 12 month high of $174.26.

Huron Consulting Group (NASDAQ:HURN) last posted its 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. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The company had revenue of $432.36 million for the quarter, compared to analysts’ expectations of $418.13 million. During the same period last year, the firm earned $1.68 earnings per share. Huron Consulting Group’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. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

About Huron Consulting Group

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.