Debra Zumwalt, a director of Huron Consulting Group Inc. (NASDAQ: HURN), sold 170 shares of the company’s stock on January 5, 2024, for a total of $29,051.30. The shares were sold at an average price of $170.89 each. After this transaction, Zumwalt holds a total of 26,469 shares, valued at approximately $4,523,287.41. This sale marks a 0.64% decrease in her ownership position. The details of this transaction were disclosed in a filing with the Securities and Exchange Commission.
Huron Consulting Group’s Market Performance
During mid-day trading on January 7, 2024, shares of Huron Consulting Group gained $0.95, reaching $178.96. On that day, a total of 21,992 shares were traded, significantly lower than the average trading volume of 126,138 shares. The company’s fifty-day simple moving average stands at $170.46, while its 200-day simple moving average is $150.28.
Huron Consulting Group’s market capitalization is currently estimated at $3.09 billion, with a price-to-earnings ratio of 29.96 and a beta of 0.11. Over the past year, the company’s stock has fluctuated between a 52-week low of $120.25 and a high of $182.71. The firm also reports a debt-to-equity ratio of 1.18, with both current and quick ratios at 1.44.
Recent Financial Performance and Future Outlook
Huron Consulting Group recently released its quarterly earnings data on October 28, 2023. The company reported earnings per share (EPS) of $2.10, surpassing the consensus estimate of $1.86 by $0.24. This performance reflects a return on equity of 27.06% and a net margin of 6.54%. The firm’s revenue for the quarter was $441.28 million, exceeding the expected revenue of $418.13 million. This represents a year-over-year revenue increase of 16.7%.
Looking ahead, Huron Consulting Group has set its earnings guidance for the fiscal year 2025 between $7.600 and $7.700 EPS. Analysts predict an average EPS of $6.10 for the current year.
In addition to Zumwalt’s sale, several institutional investors have been active in the market for Huron Consulting Group shares. Notable transactions include a new position purchased by Truist Financial Corp valued at $959,000 and Dynamic Technology Lab Private Ltd, which acquired shares valued at $585,000. Overall, institutional investors currently own approximately 93.90% of Huron Consulting Group’s stock.
Founded in 2002 and based in Chicago, Huron Consulting Group is a global professional services firm. The organization provides strategic, operational, and technological advice across various industries, assisting clients in navigating complex business challenges. Its extensive service offerings include business and financial advisory, healthcare performance improvement, life sciences consulting, and legal and regulatory compliance support.
