Edgestream Partners L.P. Raises Stock Position in Huron Consulting Group Inc. $HURN

Edgestream Partners L.P. increased its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 397.8% in the second quarter, Holdings Channel reports. The firm owned 40,872 shares of the business services provider’s stock after acquiring an additional 32,661 shares during the period. Edgestream Partners L.P.’s holdings in Huron Consulting Group were worth $5,622,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of Huron Consulting Group by 17.4% in the first quarter. Cetera Investment Advisers now owns 3,546 shares of the business services provider’s stock worth $509,000 after buying an additional 525 shares during the period. Vestcor Inc purchased a new position in Huron Consulting Group in the 1st quarter worth approximately $60,000. PNC Financial Services Group Inc. boosted its holdings in Huron Consulting Group by 27.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the business services provider’s stock worth $287,000 after acquiring an additional 432 shares during the period. Blair William & Co. IL grew its position in Huron Consulting Group by 445.7% in the first quarter. Blair William & Co. IL now owns 52,250 shares of the business services provider’s stock valued at $7,495,000 after acquiring an additional 42,676 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Huron Consulting Group during the first quarter valued at approximately $868,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director John Mccartney sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $161.44, for a total transaction of $1,049,360.00. Following the completion of the sale, the director owned 43,317 shares of the company’s stock, valued at $6,993,096.48. This represents a 13.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James Ronald Dail sold 167 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $170.89, for a total transaction of $28,538.63. Following the sale, the chief operating officer owned 31,017 shares in the company, valued at approximately $5,300,495.13. This trade represents a 0.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 21,808 shares of company stock valued at $3,529,760. Company insiders own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Benchmark boosted their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Barrington Research lifted their target price on Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a research note on Wednesday, October 8th. Finally, Truist Financial raised their price objective on Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $190.25.

Huron Consulting Group Trading Up 0.6%

Shares of NASDAQ HURN opened at $164.81 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.44 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $156.85 and its two-hundred day moving average price is $144.30. Huron Consulting Group Inc. has a 52-week low of $118.25 and a 52-week high of $174.26. The stock has a market capitalization of $2.84 billion, a P/E ratio of 27.61 and a beta of 0.18.

Huron Consulting Group (NASDAQ:HURN) last issued 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 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 business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. On average, analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

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.