Teachers Retirement System of The State of Kentucky Acquires Shares of 11,954 Huron Consulting Group Inc. (NASDAQ:HURN)

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,954 shares of the business services provider's stock, valued at approximately $1,299,000. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of Huron Consulting Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dakota Wealth Management bought a new stake in Huron Consulting Group during the 2nd quarter worth approximately $219,000. Allspring Global Investments Holdings LLC boosted its stake in Huron Consulting Group by 33.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,375 shares of the business services provider's stock valued at $726,000 after buying an additional 1,855 shares during the period. Panagora Asset Management Inc. grew its position in Huron Consulting Group by 8.4% during the second quarter. Panagora Asset Management Inc. now owns 84,731 shares of the business services provider's stock worth $8,346,000 after buying an additional 6,540 shares in the last quarter. F M Investments LLC bought a new position in Huron Consulting Group in the 2nd quarter worth about $10,202,000. Finally, Natixis Advisors LLC purchased a new stake in shares of Huron Consulting Group in the 2nd quarter valued at about $1,379,000. 93.90% of the stock is owned by institutional investors.

Insider Activity

In related news, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the sale, the director now directly owns 54,825 shares of the company's stock, valued at $7,040,626.50. This trade represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $115.82, for a total value of $120,684.44. Following the transaction, the director now directly owns 27,798 shares of the company's stock, valued at $3,219,564.36. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,126 shares of company stock valued at $865,710. 2.02% of the stock is currently owned by company insiders.

Huron Consulting Group Price Performance

HURN traded down $1.40 during midday trading on Wednesday, hitting $119.10. The stock had a trading volume of 116,374 shares, compared to its average volume of 119,795. The company has a market cap of $2.11 billion, a P/E ratio of 25.89 and a beta of 0.60. Huron Consulting Group Inc. has a 1 year low of $84.26 and a 1 year high of $131.06. The business has a fifty day moving average of $117.78 and a 200 day moving average of $108.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.11. The business had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barrington Research upped their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Benchmark reissued a "buy" rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, StockNews.com raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Huron Consulting Group presently has a consensus rating of "Buy" and an average price target of $133.00.

Huron Consulting Group Profile

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.