Quantbot Technologies LP Acquires 3,143 Shares of Huron Consulting Group Inc. $HURN

Quantbot Technologies LP lifted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 39.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,164 shares of the business services provider’s stock after buying an additional 3,143 shares during the quarter. Quantbot Technologies LP’s holdings in Huron Consulting Group were worth $1,535,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Savant Capital LLC lifted its stake in Huron Consulting Group by 6.9% in the second quarter. Savant Capital LLC now owns 1,686 shares of the business services provider’s stock valued at $232,000 after buying an additional 109 shares in the last quarter. Aigen Investment Management LP raised its holdings in shares of Huron Consulting Group by 10.5% during the first quarter. Aigen Investment Management LP now owns 1,879 shares of the business services provider’s stock worth $270,000 after acquiring an additional 178 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in Huron Consulting Group by 5.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,966 shares of the business services provider’s stock valued at $545,000 after acquiring an additional 215 shares in the last quarter. Quarry LP acquired a new position in Huron Consulting Group in the 1st quarter worth $31,000. Finally, SBI Securities Co. Ltd. increased 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 worth $58,000 after purchasing an additional 370 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Huron Consulting Group Stock Up 0.2%

HURN stock opened at $170.84 on Friday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 28.62 and a beta of 0.18. Huron Consulting Group Inc. has a twelve month low of $118.25 and a twelve month high of $174.26. The business has a 50 day moving average price of $158.36 and a two-hundred day moving average price of $144.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.18.

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

Insider Activity

In related news, COO James Ronald Dail sold 7,824 shares of Huron Consulting Group stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $169.53, for a total transaction of $1,326,402.72. Following the completion of the transaction, the chief operating officer owned 31,184 shares in the company, valued at approximately $5,286,623.52. This trade represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $164.57, for a total value of $329,140.00. Following the transaction, the director directly owned 35,304 shares in the company, valued at approximately $5,809,979.28. This trade represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 24,308 shares of company stock valued at $3,941,000 in the last quarter. Company insiders own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HURN shares. Benchmark boosted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the company 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 note on Saturday, November 1st. Truist Financial upped their price target on Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Huron Consulting Group has an average rating of “Buy” and a consensus target price of $190.25.

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.