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CHICAGO—Debra Zumwalt, a director at Huron Consulting Group Inc. (NASDAQ:HURN), recently sold a portion of her holdings in the company. According to a recent SEC filing, Zumwalt sold 222 shares of the company's common stock on January 3, 2025. The shares were sold at a price of $123.50 each, amounting to a total transaction value of $27,417. The transaction comes as InvestingPro data shows the company trading near its Fair Value, with a market capitalization of approximately $2 billion.
The sale was executed automatically as part of a pre-established Rule 10b5-1 trading plan, which Zumwalt adopted on May 21, 2024. Following this transaction, Zumwalt retains direct ownership of 26,006 shares of Huron Consulting Group. Notably, InvestingPro data reveals management has been actively buying back shares, while the company maintains a "GREAT" financial health score.
Huron Consulting Group, a management consulting services firm headquartered in Chicago, continues to be a significant player in the consulting industry. Investors and analysts closely monitor insider transactions such as these for potential insights into the company's future performance. According to InvestingPro, analysts maintain a strong buy consensus with price targets reaching $142, suggesting potential upside. Subscribers can access 7 additional ProTips and comprehensive financial analysis in the Pro Research Report.
In other recent news, Huron Consulting Group has reported a 3% increase in Q3 2024 revenue compared to the same period in 2023, along with a 21% rise in adjusted earnings per share year-over-year. Despite project work delays shifting revenue from Q3 to Q4, the firm remains optimistic about its growth trajectory, particularly in its Commercial and Healthcare segments. Huron has also narrowed full-year revenue before reimbursable expenses guidance to $1.47 billion to $1.49 billion, and raised the adjusted diluted EPS forecast to $6.00 to $6.20.
Huron has announced the strategic acquisition of AXIA Consulting to bolster its supply chain services. This move is expected to enhance Huron's capabilities in the industrials, manufacturing, retail, and healthcare sectors, and broaden its technology portfolio with advanced Microsoft (NASDAQ:MSFT) capabilities.
In terms of leadership changes, Huron has elevated Hope Katz to executive VP and general counsel, reflecting the firm's commitment to leadership development. Huron has also appointed Hugh E. Sawyer as its independent, non-executive chairman, effective January 1, 2025. Sawyer will take over from John McCartney, who has held the position since May 2010 and will remain on the board as a director. These are some of the recent developments at Huron.
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