What Happened?
Shares of professional services firm Huron Consulting Group (NASDAQ: HURN) jumped 4.2% in the afternoon session after the company announced its acquisition of Wilson Perumal & Company (WP&C), a leading strategy and operations consulting firm. The acquisition is designed to enhance Huron's capabilities in helping clients manage organizational complexity, increase profitability, and improve growth. Wilson Perumal & Company specializes in operationalizing strategy and transforming operations. Huron's CEO, Mark Hussey, stated that the combination will help clients "navigate the disruption in today's rapidly changing market environment." By integrating WP&C's expertise, Huron aims to strengthen its ability to deliver bold transformation agendas for its clients, positioning the company to better assist businesses in improving efficiency and preparing for the future.
After the initial pop the shares cooled down to $143.82, up 4.2% from previous close.
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What Is The Market Telling Us
Huron’s shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The previous big move we wrote about was 22 days ago when the stock gained 3.1% on the news that stocks continued to rally as investor optimism grew for a potential Federal Reserve interest rate cut in September. This optimism was largely fueled by a recent consumer price index report that showed inflation easing, along with public comments from Treasury Secretary Scott Bessent advocating for a significant 50-basis-point rate cut. The prospect of lower borrowing costs tends to boost rate-sensitive sectors like Business Services, as it can encourage companies to increase spending on consulting, IT projects, and staffing.
Huron is up 16.6% since the beginning of the year, and at $143.82 per share, it is trading close to its 52-week high of $153.61 from May 2025. Investors who bought $1,000 worth of Huron’s shares 5 years ago would now be looking at an investment worth $3,363.
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