[adrotate group="2"]
CHICAGO — Debra Zumwalt, a director at Huron Consulting Group Inc. (NASDAQ:), recently divested a portion of her shares in the firm. As per a recent filing with the SEC, Zumwalt sold 222 shares of the company’s common stock on January 3, 2025, at a price of $123.50 each, totaling $27,417. This transaction occurs amid InvestingPro data indicating that the company is trading close to its Fair Value, with a market capitalization nearing $2 billion.
The sale was conducted automatically under a pre-established Rule 10b5-1 trading plan adopted by Zumwalt on May 21, 2024. Post-transaction, Zumwalt retains direct ownership of 26,006 shares of Huron Consulting Group. Notably, InvestingPro reports that management has been actively repurchasing shares, while the company boasts a "GREAT" score for financial health.
Huron Consulting Group, headquartered in Chicago, remains a significant player in the management consulting sector. Insider transactions like this one are closely watched by investors and analysts for potential insights into the firm’s future performance. According to InvestingPro, analysts uphold a strong buy consensus, with price targets reaching $142, indicating a possible upside. Subscribers can access seven additional ProTips and an in-depth financial analysis in the Pro Research Report.
In other developments, Huron Consulting Group announced a 3% increase in revenue for Q3 2024 compared to the same quarter in 2023 and a 21% rise in adjusted earnings per share year-over-year. Despite delays in project work shifting revenue from Q3 to Q4, the firm expresses confidence in its growth prospects, particularly in its Commercial and Healthcare divisions. Additionally, Huron has updated its full-year revenue guidance before reimbursable expenses to between $1.47 billion and $1.49 billion while raising the adjusted diluted EPS forecast to between $6.00 and $6.20.
Huron also revealed a strategic acquisition of AXIA Consulting, aimed at enhancing its supply chain services. This acquisition is expected to improve Huron’s capabilities across the industrials, manufacturing, retail, and healthcare sectors, while expanding its technology suite, particularly with advanced Microsoft capabilities.
Leadership changes within Huron include the promotion of Hope Katz to executive vice president and general counsel, underscoring the firm’s dedication to leadership development. Moreover, Hugh E. Sawyer has been appointed as the independent non-executive chairman, effective January 1, 2025, succeeding John McCartney, who has held the position since May 2010 but will remain on the board as a director. These changes are among the latest updates from Huron.
This article was generated with the assistance of AI and reviewed by an editor. For more details, please refer to our Terms and Conditions.
[adrotate group="2"]
