Jennison Associates LLC raised its holdings in Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) by 13.6% during the 1st quarter, Holdings Channel reports. The firm owned 667,887 shares of the business services provider’s stock after purchasing an additional 80,132 shares during the quarter. Jennison Associates LLC’s holdings in Huron Consulting Group were worth $85,149,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HURN. Boston Partners increased its stake in shares of Huron Consulting Group by 17.0% during the 3rd quarter. Boston Partners now owns 888,045 shares of the business services provider’s stock worth $130,803,000 after purchasing an additional 129,073 shares in the last quarter. Morgan Stanley raised its position in shares of Huron Consulting Group by 11.4% during the 4th quarter. Morgan Stanley now owns 779,120 shares of the business services provider’s stock worth $134,718,000 after purchasing an additional 79,757 shares during the last quarter. Franklin Resources Inc. lifted its stake in Huron Consulting Group by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 614,248 shares of the business services provider’s stock valued at $90,153,000 after buying an additional 3,340 shares in the last quarter. Fiduciary Management Inc. WI purchased a new stake in Huron Consulting Group in the 4th quarter valued at approximately $90,661,000. Finally, Principal Financial Group Inc. grew its holdings in Huron Consulting Group by 51.8% during the 4th quarter. Principal Financial Group Inc. now owns 476,863 shares of the business services provider’s stock valued at $82,454,000 after buying an additional 162,706 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Huron Consulting Group news, Director Joy Brown sold 1,821 shares of Huron Consulting Group stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $105.01, for a total value of $191,223.21. Following the completion of the sale, the director owned 8,575 shares in the company, valued at $900,460.75. The trade was a 17.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ekta Singh-Bushell sold 443 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $118.44, for a total transaction of $52,468.92. Following the transaction, the director directly owned 13,646 shares of the company’s stock, valued at approximately $1,616,232.24. This represents a 3.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 2,862 shares of company stock worth $314,519. 2.07% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
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Huron Consulting Group Stock Performance
Shares of HURN opened at $114.80 on Monday. Huron Consulting Group Inc. has a fifty-two week low of $84.88 and a fifty-two week high of $186.77. The company has a market capitalization of $1.86 billion, a PE ratio of 19.59 and a beta of 0.12. The stock has a fifty day moving average of $104.45 and a two-hundred day moving average of $130.58. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.22 and a current ratio of 2.22.
Huron Consulting Group (NASDAQ:HURN – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.15. The business had revenue of $451.77 million for the quarter, compared to analysts’ expectations of $437.12 million. Huron Consulting Group had a return on equity of 29.41% and a net margin of 5.94%.The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. As a group, analysts forecast that Huron Consulting Group Inc. will post 8.71 EPS for the current year.
Huron Consulting Group Profile
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.
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