William Blair Brokers Decrease Earnings Estimates for HURN

Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) - Stock analysts at William Blair reduced their Q3 2024 earnings per share (EPS) estimates for Huron Consulting Group in a report issued on Tuesday, October 15th. William Blair analyst A. Nicholas now anticipates that the business services provider will post earnings of $1.65 per share for the quarter, down from their prior forecast of $1.70. The consensus estimate for Huron Consulting Group's current full-year earnings is $5.95 per share. William Blair also issued estimates for Huron Consulting Group's Q4 2024 earnings at $1.51 EPS.

HURN has been the topic of several other reports. StockNews.com upgraded Huron Consulting Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 3rd. Benchmark restated a "buy" rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday, July 31st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $137.00 price objective on shares of Huron Consulting Group in a report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Huron Consulting Group has an average rating of "Moderate Buy" and a consensus target price of $131.75.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock traded up $0.33 during trading on Friday, reaching $108.03. The company's stock had a trading volume of 79,538 shares, compared to its average volume of 126,020. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.93 and a current ratio of 1.93. The business's fifty day moving average price is $106.83 and its 200-day moving average price is $99.72. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 31.13 and a beta of 0.61. Huron Consulting Group has a one year low of $84.26 and a one year high of $115.65.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.20. The business had revenue of $371.70 million for the quarter, compared to analyst estimates of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 earnings per share.

Insider Buying and Selling at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 4,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $103.13, for a total value of $412,520.00. Following the transaction, the chief executive officer now directly owns 81,081 shares of the company's stock, valued at $8,361,883.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO C. Mark Hussey sold 4,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $103.13, for a total value of $412,520.00. Following the transaction, the chief executive officer now directly owns 81,081 shares of the company's stock, valued at $8,361,883.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kyle Featherstone sold 820 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total value of $88,617.40. Following the completion of the transaction, the insider now directly owns 1,565 shares in the company, valued at $169,129.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,168 shares of company stock valued at $1,170,515. 2.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in Huron Consulting Group by 39.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,555 shares of the business services provider's stock worth $263,000 after buying an additional 724 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in Huron Consulting Group by 23.0% during the 4th quarter. Quadrature Capital Ltd now owns 12,011 shares of the business services provider's stock worth $1,235,000 after buying an additional 2,246 shares in the last quarter. Diversified Trust Co lifted its holdings in Huron Consulting Group by 21.7% during the 1st quarter. Diversified Trust Co now owns 5,072 shares of the business services provider's stock worth $490,000 after buying an additional 903 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Huron Consulting Group by 35.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,520 shares of the business services provider's stock worth $533,000 after buying an additional 1,442 shares in the last quarter. Finally, Wakefield Asset Management LLLP acquired a new position in Huron Consulting Group during the 1st quarter worth $921,000. 93.90% of the stock is owned by institutional investors and hedge funds.

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.