John McCartney, a director at Huron Consulting Group Inc. (NASDAQ:HURN), recently sold 500 shares of the company's common stock, according to a recent SEC filing. The shares were sold at a price of $122.81 each, totaling $61,405. According to InvestingPro data, the stock has shown remarkable strength with a 35% gain over the past six months, though current analysis suggests the stock is slightly overvalued at these levels. Following this transaction, McCartney holds 57,188 shares in the company. The sale was executed automatically under a Rule 10b5-1 trading plan, which McCartney adopted on August 15, 2024. InvestingPro analysis reveals the company maintains a strong financial health score of GREAT, with management actively buying back shares. Discover 8 more key insights about HURN with an InvestingPro subscription, including detailed valuation metrics and growth forecasts.
In other recent news, Huron Consulting Group has been making strategic moves to bolster its future growth. The company recently acquired AXIA Consulting, a provider of supply chain consulting and technology solutions. This acquisition aims to enhance Huron's supply chain capabilities, particularly in the industrials, manufacturing, retail, and healthcare sectors, and expand its Oracle (NYSE:ORCL) supply chain management offerings. The integration of AXIA's expertise is expected to deepen Huron's market presence and deliver impactful solutions at every step of clients' business transformations.
In terms of financial performance, Huron reported a 3% increase in its third-quarter 2024 revenue compared to the same period in 2023, along with a 21% rise in adjusted earnings per share year-over-year. Despite experiencing project work delays which shifted revenue from Q3 to Q4, the firm remains optimistic about its growth trajectory, particularly in its Commercial and Healthcare segments. The company has also narrowed its 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.
Analysts from InvestingPro have revised their earnings estimates upward for the upcoming period, indicating a positive outlook for the company. These developments highlight Huron's strategic focus on strengthening its services and driving future growth.
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