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John McCartney, a director at Huron Consulting Group Inc. (NASDAQ:HURN), recently sold 500 shares of the company’s common stock. The shares were sold on April 1, 2025, at a price of $142.67 each, resulting in a total transaction value of $71,335. Following the sale, McCartney holds 52,121 shares directly in the company. The sale comes as HURN trades near its 52-week high of $153.85, having delivered an impressive 54% return over the past year. According to InvestingPro analysis, the company currently appears fairly valued based on its Fair Value model.
The transaction was executed under a Rule 10b5-1 trading plan, which McCartney had adopted on August 15, 2024. These plans allow insiders to set up a predetermined schedule for selling stocks, providing a defense against potential accusations of insider trading. InvestingPro data shows HURN maintains a "GREAT" financial health score, with strong returns across multiple timeframes. Discover 10+ additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Huron Consulting Group reported strong fourth-quarter 2024 financial results, with earnings per share (EPS) of $1.90, exceeding analyst estimates of $1.52. The company also posted a significant revenue increase to $399.31 million, surpassing the expected $379.99 million. Huron’s full-year 2024 results showed a 9.1% rise in revenues to $1.49 billion and an 86.7% increase in net income to $116.6 million. In light of these results, Benchmark analyst Bill Sutherland and Truist Securities analyst Tobey Sommer both raised their price targets to $165, maintaining Buy ratings on the stock.
Additionally, Huron announced an increase in its share repurchase program to $700 million, extending the program until December 31, 2026. This move is part of Huron’s strategy to enhance shareholder value. Truist Securities also maintained a Buy rating with a $180 price target, citing Huron’s diversified revenue streams and growth potential in digital offerings. The firm highlighted the company’s strategic positioning to leverage artificial intelligence in its services.
Huron’s management has set ambitious goals for the coming years, including a 15% compound annual growth rate in EPS over the next five years. The company plans to sustain low double-digit revenue growth and aims to double adjusted EPS by 2029. These recent developments reflect Huron’s focus on strategic growth and market adaptation amidst economic uncertainties.
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