Huron Consulting Group Inc. (NASDAQ:HURN) Stock Position Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,993 shares of the business services provider’s stock after selling 196 shares during the period. Teacher Retirement System of Texas owned about 0.14% of Huron Consulting Group worth $2,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $33,000. Cibc World Markets Corp bought a new stake in Huron Consulting Group in the fourth quarter valued at $204,000. Xponance Inc. acquired a new position in shares of Huron Consulting Group during the fourth quarter valued at $204,000. Aigen Investment Management LP bought a new position in shares of Huron Consulting Group during the fourth quarter worth about $211,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Huron Consulting Group in the 4th quarter worth about $213,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HURN has been the subject of several recent analyst reports. Wedbush assumed coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Barrington Research increased their price objective on Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Benchmark lifted their target price on Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Truist Financial boosted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Monday, March 10th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $155.50.

Insider Buying and Selling

In other news, CEO C. Mark Hussey sold 27,672 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the sale, the chief executive officer now directly owns 81,118 shares of the company’s stock, valued at $11,835,927.38. This trade represents a 25.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James H. Roth sold 8,642 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total value of $1,289,991.34. Following the sale, the director now directly owns 56,279 shares in the company, valued at $8,400,766.33. This trade represents a 13.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,140 shares of company stock worth $10,492,517 in the last ninety days. 2.02% of the stock is currently owned by corporate insiders.

Huron Consulting Group Stock Up 1.5 %

Shares of HURN stock opened at $145.00 on Wednesday. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $153.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The business’s fifty day moving average is $135.24 and its 200-day moving average is $123.06. The stock has a market cap of $2.56 billion, a PE ratio of 31.52 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. Equities analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.