Keebeck Wealth Management Buys New Position in Huron Consulting Group Inc. $HURN

Keebeck Wealth Management bought a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,803 shares of the business services provider’s stock, valued at approximately $343,000.

A number of other hedge funds have also added to or reduced their stakes in HURN. BlackRock Inc. acquired a new position in Huron Consulting Group in the second quarter valued at approximately $125,191,000. Boston Partners grew its position 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 buying an additional 129,073 shares during the period. Morgan Stanley increased its stake in shares of Huron Consulting Group by 11.4% in the 4th quarter. Morgan Stanley now owns 779,120 shares of the business services provider’s stock valued at $134,718,000 after acquiring an additional 79,757 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Huron Consulting Group by 13.6% in the 1st quarter. Jennison Associates LLC now owns 667,887 shares of the business services provider’s stock valued at $85,149,000 after acquiring an additional 80,132 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Huron Consulting Group by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 641,714 shares of the business services provider’s stock valued at $81,811,000 after acquiring an additional 12,528 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Trading Down 0.5%

Shares of HURN stock opened at $161.64 on Friday. Huron Consulting Group Inc. has a 52-week low of $84.88 and a 52-week high of $186.77. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.71 and a current ratio of 1.71. The company has a 50-day simple moving average of $122.32 and a two-hundred day simple moving average of $125.03. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 24.20 and a beta of 0.06.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.17 by $0.29. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The firm had revenue of $475.04 million for the quarter, compared to analysts’ expectations of $448.98 million. During the same quarter last year, the firm earned $1.89 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Research analysts anticipate that Huron Consulting Group Inc. will post 9.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HURN has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $160.00 target price on shares of Huron Consulting Group in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Truist Financial reduced their target price on Huron Consulting Group to $155.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Zacks Research raised Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $184.25.

Insider Buying and Selling

In other Huron Consulting Group news, insider Kyle Featherstone sold 459 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $152.67, for a total value of $70,075.53. Following the transaction, the insider owned 1,050 shares of the company’s stock, valued at approximately $160,303.50. The trade was a 30.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C. Mark Hussey sold 24,072 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total value of $3,986,082.48. Following the completion of the transaction, the chief executive officer owned 74,399 shares of the company’s stock, valued at $12,319,730.41. This trade represents a 24.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.07% of the company’s stock.

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.