Huron Consulting Group (NASDAQ:HURN) Cut to Hold at Wall Street Zen

Huron Consulting Group (NASDAQ:HURN) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Other research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, June 17th. Truist Financial lowered their target price on Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Wedbush reiterated an “outperform” rating and set a $160.00 price target on shares of Huron Consulting Group in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $184.25.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $3.34 during trading hours on Friday, reaching $105.85. 192,769 shares of the stock were exchanged, compared to its average volume of 312,331. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.10. The firm has a 50 day simple moving average of $105.63 and a 200-day simple moving average of $133.23. Huron Consulting Group has a 52 week low of $84.88 and a 52 week high of $186.77. The stock has a market capitalization of $1.72 billion, a P/E ratio of 18.06 and a beta of 0.12.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.15. Huron Consulting Group had a return on equity of 29.41% and a net margin of 5.94%.The business had revenue of $451.77 million during the quarter, compared to the consensus estimate of $437.12 million. During the same period in the previous year, the business earned $1.68 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. As a group, sell-side analysts forecast that Huron Consulting Group will post 8.71 earnings per share for the current fiscal year.

Insider Transactions at Huron Consulting Group

In other news, Director Debra Zumwalt sold 598 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $118.44, for a total transaction of $70,827.12. Following the completion of the transaction, the director directly owned 27,201 shares in the company, valued at approximately $3,221,686.44. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ekta Singh-Bushell sold 443 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $118.44, for a total value of $52,468.92. Following the completion of the transaction, the director directly owned 13,646 shares of the company’s stock, valued at $1,616,232.24. This trade represents a 3.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,862 shares of company stock worth $314,519. Company insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HURN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Huron Consulting Group by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock valued at $1,501,000 after purchasing an additional 469 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Huron Consulting Group by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock valued at $28,538,000 after buying an additional 68,891 shares in the last quarter. Jane Street Group LLC acquired a new position in Huron Consulting Group during the 1st quarter valued at about $6,313,000. Intech Investment Management LLC increased its stake in Huron Consulting Group by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock valued at $1,587,000 after buying an additional 2,425 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Huron Consulting Group by 174.4% during the 1st quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock worth $481,000 after buying an additional 2,136 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Company 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.