Axiom Investors LLC DE Buys Shares of 64,804 Huron Consulting Group Inc. $HURN

Axiom Investors LLC DE bought a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) in the fourth quarter, Holdings Channel reports. The firm bought 64,804 shares of the business services provider’s stock, valued at approximately $11,205,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Boston Partners lifted 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 purchasing an additional 129,073 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Huron Consulting Group by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 614,248 shares of the business services provider’s stock valued at $90,153,000 after purchasing an additional 3,340 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Huron Consulting Group by 1.2% in the 4th quarter. Jennison Associates LLC now owns 587,755 shares of the business services provider’s stock valued at $101,629,000 after purchasing an additional 6,810 shares during the last quarter. Fiduciary Management Inc. WI acquired a new stake in shares of Huron Consulting Group in the 4th quarter valued at $90,661,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Huron Consulting Group by 51.8% in the 4th quarter. Principal Financial Group Inc. now owns 476,863 shares of the business services provider’s stock valued at $82,454,000 after purchasing an additional 162,706 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $110.54 on Wednesday. The stock has a market cap of $1.79 billion, a P/E ratio of 18.86 and a beta of 0.08. The company’s 50-day simple moving average is $118.65 and its 200 day simple moving average is $144.45. Huron Consulting Group Inc. has a twelve month low of $100.10 and a twelve month high of $186.77. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.10.

Huron Consulting Group (NASDAQ:HURN) last posted its 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. The business had revenue of $451.77 million for the quarter, compared to analysts’ expectations of $437.12 million. Huron Consulting Group had a net margin of 5.94% and a return on equity of 29.41%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. As a group, research analysts forecast that Huron Consulting Group Inc. will post 8.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HURN has been the subject of several analyst reports. Truist Financial reduced their price objective on shares of Huron Consulting Group to $155.00 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Wedbush reissued an “outperform” rating and set a $160.00 target price on shares of Huron Consulting Group in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Huron Consulting Group currently has an average rating of “Moderate Buy” and a consensus price target of $184.25.

Insider Activity

In other Huron Consulting Group news, Director Debra Zumwalt sold 598 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $118.44, for a total transaction of $70,827.12. Following the sale, the director directly owned 27,201 shares of the company’s stock, valued at approximately $3,221,686.44. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Mccartney sold 500 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $127.68, for a total transaction of $63,840.00. Following the sale, the director directly owned 40,817 shares in the company, valued at $5,211,514.56. This represents a 1.21% 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. Insiders sold a total of 3,658 shares of company stock valued at $415,931 over the last three months. 2.07% of the stock is owned by corporate insiders.

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.