Huron Consulting Group (NASDAQ:HURN) Hits New 52-Week High – Time to Buy?

Huron Consulting Group Inc. (NASDAQ:HURN)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $181.61 and last traded at $180.6450, with a volume of 2598 shares trading hands. The stock had previously closed at $180.63.

Analyst Ratings Changes

HURN has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Benchmark increased their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Truist Financial boosted their price target on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $190.25.

Huron Consulting Group Price Performance

The company has a market cap of $3.13 billion, a price-to-earnings ratio of 30.54 and a beta of 0.18. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $164.12 and a 200 day moving average price of $146.84.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results 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 return on equity of 27.06% and a net margin of 6.54%.Huron Consulting Group’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, Director Ekta Singh-Bushell sold 1,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $178.55, for a total transaction of $178,550.00. Following the sale, the director directly owned 14,341 shares of the company’s stock, valued at $2,560,585.55. The trade was a 6.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Mccartney sold 500 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $164.20, for a total value of $82,100.00. Following the completion of the sale, the director directly owned 42,817 shares of the company’s stock, valued at approximately $7,030,551.40. This represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,970 shares of company stock worth $4,232,162 over the last three months. 2.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Huron Consulting Group by 149.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider’s stock valued at $172,079,000 after purchasing an additional 719,199 shares in the last quarter. Boston Partners grew its stake in shares of Huron Consulting Group by 17.0% in the 3rd quarter. Boston Partners now owns 888,045 shares of the business services provider’s stock valued at $130,803,000 after buying an additional 129,073 shares in the last quarter. Franklin Resources Inc. grew its position in Huron Consulting Group by 0.5% in the third quarter. Franklin Resources Inc. now owns 614,248 shares of the business services provider’s stock worth $90,153,000 after acquiring an additional 3,340 shares in the last quarter. Jennison Associates LLC increased its position in Huron Consulting Group by 17.4% during the second quarter. Jennison Associates LLC now owns 581,397 shares of the business services provider’s stock worth $79,965,000 after buying an additional 86,069 shares during the last quarter. Finally, Sunriver Management LLC raised its holdings in Huron Consulting Group by 19.5% during the third quarter. Sunriver Management LLC now owns 451,985 shares of the business services provider’s stock valued at $66,338,000 after buying an additional 73,774 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

About Huron Consulting Group

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.