Huron Consulting Group (NASDAQ:HURN) Stock Price Down 7% – What’s Next?

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) were down 7% during mid-day trading on Friday . The company traded as low as $150.75 and last traded at $152.2620. 517,304 shares were traded during trading, an increase of 73% from the average session volume of 299,204 shares. The stock had previously closed at $163.76.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HURN. Zacks Research upgraded shares of Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Weiss Ratings downgraded shares of Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Truist Financial decreased their price objective on shares of Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Huron Consulting Group presently has a consensus rating of “Buy” and a consensus price target of $184.25.

Huron Consulting Group Stock Down 7.1%

The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.22 and a current ratio of 1.71. The company has a market cap of $2.42 billion, a P/E ratio of 22.82 and a beta of 0.12. The stock has a 50 day moving average price of $107.67 and a 200 day moving average price of $127.32.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.29. The business had revenue of $475.04 million during the quarter, compared to analysts’ expectations of $448.98 million. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%.The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $1.89 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Research analysts expect that Huron Consulting Group Inc. will post 9.24 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Joy Brown sold 1,821 shares of Huron Consulting Group stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $105.01, for a total value of $191,223.21. Following the transaction, the director owned 8,575 shares of the company’s stock, valued at $900,460.75. The trade was a 17.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Debra Zumwalt sold 598 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $118.44, for a total transaction of $70,827.12. Following the completion of the sale, the director owned 27,201 shares in the company, valued at $3,221,686.44. The trade was a 2.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,862 shares of company stock worth $314,519. Corporate insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Boston Partners lifted 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 valued at $130,803,000 after acquiring an additional 129,073 shares during the last quarter. Morgan Stanley grew its holdings 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 worth $134,718,000 after acquiring an additional 79,757 shares during the last quarter. Jennison Associates LLC grew its holdings 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 worth $85,149,000 after acquiring an additional 80,132 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Huron Consulting Group by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 641,714 shares of the business services provider’s stock worth $81,811,000 after purchasing an additional 12,528 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Huron Consulting Group by 0.5% during the third quarter. Franklin Resources Inc. now owns 614,248 shares of the business services provider’s stock worth $90,153,000 after purchasing an additional 3,340 shares during the period. Institutional investors own 93.90% 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.