William Blair Investment Management LLC Acquires New Stake in Huron Consulting Group Inc. $HURN

William Blair Investment Management LLC purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the second quarter, HoldingsChannel reports. The firm purchased 170,358 shares of the business services provider’s stock, valued at approximately $15,359,000.

Several other large investors have also recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Huron Consulting Group during the 4th quarter worth approximately $35,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Huron Consulting Group in the third quarter valued at approximately $35,000. Advisory Services Network LLC purchased a new stake in shares of Huron Consulting Group in the third quarter valued at approximately $36,000. Kemnay Advisory Services Inc. acquired a new position in Huron Consulting Group during the fourth quarter worth $39,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Huron Consulting Group by 11,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider’s stock worth $41,000 after acquiring an additional 238 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Huron Consulting Group news, CEO C. Mark Hussey sold 24,072 shares of Huron Consulting Group 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 transaction, the chief executive officer owned 74,399 shares in the company, valued at $12,319,730.41. This trade represents a 24.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $152.67, for a total transaction of $70,075.53. Following the sale, the insider directly owned 1,050 shares of the company’s stock, valued at $160,303.50. This represents a 30.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Wedbush reissued an “outperform” rating and set a $160.00 price objective on shares of Huron Consulting Group in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Truist Financial dropped their target price on shares of Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Barrington Research reiterated an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $184.25.

Huron Consulting Group Stock Performance

Shares of NASDAQ HURN opened at $161.64 on Friday. The company has a 50-day simple moving average of $122.32 and a 200-day simple moving average of $125.03. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market cap of $2.57 billion, a PE ratio of 24.20 and a beta of 0.06. Huron Consulting Group Inc. has a 12 month low of $84.88 and a 12 month high of $186.77.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.17 by $0.29. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%.The firm had revenue of $475.04 million during the quarter, compared to analyst estimates of $448.98 million. During the same period in the prior year, the firm posted $1.89 earnings per share. The business’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. On average, equities analysts anticipate that Huron Consulting Group Inc. will post 9.18 earnings per share for the current year.

Huron Consulting Group 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.