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 bought a new position in Huron Consulting Group Inc. (NASDAQ:HURN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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.

A number of other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in Huron Consulting Group during the second quarter worth $28,000. Assetmark Inc. lifted its position in shares of Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after buying an additional 90 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of Huron Consulting Group in the 2nd quarter valued at about $219,000. MML Investors Services LLC bought a new stake in shares of Huron Consulting Group during the 3rd quarter valued at about $220,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in Huron Consulting Group during the third quarter worth about $264,000. 93.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the transaction, the director now directly owns 54,825 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total transaction of $112,817.34. Following the transaction, the director now owns 28,840 shares in the company, valued at $3,122,506.80. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,126 shares of company stock valued at $865,710. Company insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HURN. Benchmark restated a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, October 30th. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research raised their target price on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $133.00.

Huron Consulting Group Stock Performance

Shares of NASDAQ HURN opened at $120.50 on Wednesday. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $131.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.14 billion, a PE ratio of 26.20 and a beta of 0.60. The stock has a 50 day simple moving average of $117.49 and a 200-day simple moving average of $108.58.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 earnings per share. On average, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current 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.