14 Best Consulting Stocks to Buy Now

08. Huron Consulting Group Inc. (NASDAQ:HURN)

Number of Hedge Fund Holders: 25

Huron Consulting Group Inc. (NASDAQ:HURN), located in Chicago, Illinois, provides consultancy services globally. It operates through three segments: Healthcare, Education, and Commercial. The company offers performance improvement, digital solutions, financial advisory, and organizational transformation services to health systems, educational institutions, and various industries, including finance, energy, and manufacturing. On May 24, Wedbush initiated coverage of Huron Consulting Group Inc. (NASDAQ:HURN) with an Outperform rating and a $110 price target. The analyst is bullish on Huron’s prospects due to its significant exposure to the healthcare and education sectors, which are undergoing significant transformations. The analyst believes Huron Consulting Group Inc. (NASDAQ:HURN) is well-positioned to benefit from the growing need for cost cutting and process improvements in these sectors. Additionally, Huron Consulting Group Inc. (NASDAQ:HURN) financial advisory expertise in helping distressed enterprise clients is seen as a key strength amid ongoing macroeconomic uncertainty. Wedbush expects Huron Consulting Group Inc. (NASDAQ:HURN) to achieve 9-10% sales growth in both 2024 and 2025.

During Q1, 2024 the count of hedge funds holding positions in Huron Consulting Group Inc. (NASDAQ:HURN) grew to 25 from 24 in the prior quarter, as reported by Insider Monkey’s database encompassing 920 hedge funds. These holdings collectively amount to around $0.10 billion. Israel Englander’s Millennium Management emerged as the leading shareholder among these hedge funds during this timeframe.

Aristotle Capital Small Cap Equity Strategy made the following comment about Huron Consulting Group Inc. (NASDAQ:HURN) in its Q3 2023 investor letter:

“Huron Consulting Group Inc. (NASDAQ:HURN), a specialty consulting company that provides financial, operational, and digital consulting services to health care, education and commercial clients, appreciated after delivering strong results highlighted by continued momentum within the company’s health care and education segments. We maintain our investment, as we believe the company remains well-positioned to capitalize on a demand backdrop aided by financial and operational pressures in its largest end-markets, along with secular tailwinds supporting digital transformation, analytics and cloud consulting.”