Debra Zumwalt, a director at Huron Consulting Group Inc. (NASDAQ:HURN), executed the sale of 170 shares on January 5, 2024. The transaction was valued at a total of $29,051.30, with shares sold at an average price of $170.89. Following this sale, Zumwalt now holds 26,469 shares, which are currently valued at approximately $4,523,287.41. This sale represents a 0.64% reduction in her ownership stake.
The details of the transaction were made public through a filing with the Securities and Exchange Commission (SEC), which can be accessed for further information.
Stock Performance and Financial Overview
On January 10, 2024, Huron Consulting Group’s stock showed a slight increase, trading up by $0.95 to reach $178.96. During the trading session, 21,992 shares changed hands, which is below the average volume of 126,138 shares. The company’s stock has a market capitalization of $3.09 billion, a price-to-earnings (P/E) ratio of 29.96, and a beta of 0.11.
Huron Consulting has seen its share price fluctuate between a 52-week low of $120.25 and a high of $182.71. Financial metrics indicate a debt-to-equity ratio of 1.18, a current ratio of 1.44, and a quick ratio of 1.44.
The company last reported its quarterly earnings on October 28, 2023. Huron Consulting posted earnings per share (EPS) of $2.10, surpassing analysts’ expectations of $1.86 by $0.24. The firm achieved revenue of $441.28 million for the quarter, exceeding the consensus estimate of $418.13 million. This marked a significant year-over-year revenue growth of 16.7%.
Huron Consulting has provided guidance for fiscal year 2025, projecting EPS between $7.600 and $7.700. Analysts anticipate an average EPS of 6.1 for the current year.
Investor Activity and Institutional Holdings
Recent trading activity indicates increased interest in Huron Consulting’s stock from institutional investors. Notably, Truist Financial Corp acquired a new position in the second quarter valued at $959,000. Similarly, Dynamic Technology Lab Private Ltd invested $585,000 during the first quarter, while Ritholtz Wealth Management bought into the company with a stake valued at $499,000.
Other significant investments include Meritage Portfolio Management’s acquisition of shares worth $610,000 and Y Intercept Hong Kong Ltd’s purchase valued at approximately $1,481,000. Institutional investors collectively hold 93.90% of Huron Consulting’s stock, highlighting strong confidence in the company’s future prospects.
Huron Consulting Group, founded in 2002 and headquartered in Chicago, offers professional services across various industries. The firm assists organizations with challenges related to strategy, operations, and technology. Huron’s consultants collaborate with executive leadership to implement solutions that enhance growth, efficiency, and risk management.
As the company continues to navigate the complexities of the business landscape, its recent stock activities and financial performance reflect a strategic approach to maintaining investor confidence and fostering future growth.
