In a recent transaction reported by Huron Consulting Group Inc. (NASDAQ:HURN), a $2 billion market cap consulting firm trading near its 52-week high of $131.06, Director James H. Roth sold a total of 2,000 shares of common stock. According to InvestingPro data, the company maintains a "GREAT" financial health score, with management actively buying back shares. The sale, executed on January 8, 2025, was carried out under a pre-arranged trading plan. The shares were sold at prices ranging from $122.23 to $125.54, resulting in a total transaction value of $247,383.
Following these sales, Roth holds 50,534 shares directly. Additionally, he retains an indirect ownership of 3,855 shares through a Family LLC. This transaction was part of a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks at a later date to avoid any potential accusations of insider trading.
In other recent news, Huron Consulting Group reported a 3% increase in Q3 2024 revenue compared to the same period in 2023, together with a 21% rise in adjusted earnings per share year-over-year. Despite project work delays shifting revenue from Q3 to Q4, Huron remains optimistic about its growth trajectory, particularly in its Commercial and Healthcare segments. The company 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.
In terms of strategic moves, Huron announced the acquisition of AXIA Consulting, intending to bolster its supply chain services. This development is anticipated to enhance Huron's capabilities in the industrials, manufacturing, retail, and healthcare sectors, and broaden its technology portfolio with advanced Microsoft (NASDAQ:MSFT) capabilities.
Furthermore, Huron has seen significant leadership changes, with Hope Katz being promoted to executive VP and general counsel, and the appointment of Hugh E. Sawyer as its independent, non-executive chairman, effective January 1, 2025. These are some of the recent developments at Huron, reflecting the company's strategic focus on growth and resilience in a dynamic market.
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