State of New Jersey Common Pension Fund D Reduces Position in Huron Consulting Group Inc. $HURN

State of New Jersey Common Pension Fund D lessened its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 19.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,499 shares of the business services provider’s stock after selling 2,940 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Huron Consulting Group worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new position in Huron Consulting Group during the first quarter valued at $31,000. CWM LLC lifted its position in shares of Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after buying an additional 146 shares in the last quarter. Vestcor Inc purchased a new position in shares of Huron Consulting Group during the 1st quarter valued at about $60,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Huron Consulting Group during the 1st quarter valued at about $72,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Huron Consulting Group during the 1st quarter valued at about $72,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $146.30, for a total transaction of $292,600.00. Following the sale, the director directly owned 39,304 shares in the company, valued at approximately $5,750,175.20. This represents a 4.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mccartney sold 500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $145.68, for a total transaction of $72,840.00. Following the sale, the director owned 50,317 shares in the company, valued at $7,330,180.56. This represents a 0.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,979 shares of company stock worth $2,762,076 in the last ninety days. Company insiders own 2.15% of the company’s stock.

Huron Consulting Group Stock Down 0.6%

Shares of HURN opened at $164.44 on Monday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 27.54 and a beta of 0.29. Huron Consulting Group Inc. has a 1 year low of $112.94 and a 1 year high of $174.26. The business’s 50 day simple moving average is $146.04 and its 200-day simple moving average is $141.07. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.99.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.24. The business had revenue of $432.36 million for the quarter, compared to analysts’ expectations of $418.13 million. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, equities analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HURN shares. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Benchmark boosted their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Barrington Research boosted their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and a consensus target price of $175.25.

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.