Geode Capital Management LLC Sells 4,582 Shares of Huron Consulting Group Inc. $HURN

Geode Capital Management LLC reduced its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 413,295 shares of the business services provider’s stock after selling 4,582 shares during the quarter. Geode Capital Management LLC owned 2.39% of Huron Consulting Group worth $56,849,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP bought a new position in Huron Consulting Group in the first quarter valued at about $31,000. CWM LLC boosted its stake in shares of Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 146 shares in the last quarter. Vestcor Inc bought a new stake in shares of Huron Consulting Group during the 1st quarter valued at approximately $60,000. SBI Securities Co. Ltd. increased its position 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 worth $58,000 after purchasing an additional 370 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Huron Consulting Group in the 1st quarter valued at approximately $72,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Huron Consulting Group

In other news, COO James Ronald Dail sold 167 shares of Huron Consulting Group stock in a transaction dated 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 sale, the chief operating officer owned 31,017 shares in the company, valued at approximately $5,300,495.13. This trade represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Mccartney sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $161.44, for a total value of $1,049,360.00. Following the transaction, the director directly owned 43,317 shares of the company’s stock, valued at $6,993,096.48. The trade was a 13.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,308 shares of company stock valued at $3,872,885. Company insiders own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Barrington Research boosted their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Benchmark upped their target price on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Wall Street Zen upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Truist Financial boosted their price target on Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $190.25.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN opened at $161.13 on Tuesday. The stock’s 50 day moving average price is $154.18 and its 200-day moving average price is $143.68. The company has a market capitalization of $2.78 billion, a PE ratio of 26.99 and a beta of 0.28. Huron Consulting Group Inc. has a twelve month low of $118.25 and a twelve month high of $174.26. The company has a quick ratio of 1.99, a current ratio of 1.44 and a debt-to-equity ratio of 1.18.

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. The business had revenue of $441.28 million for the quarter, compared to analysts’ expectations of $418.13 million. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. On average, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.