Teacher Retirement System of Texas Reduces Position in Huron Consulting Group Inc. $HURN

Teacher Retirement System of Texas trimmed its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 84.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,986 shares of the business services provider’s stock after selling 26,795 shares during the quarter. Teacher Retirement System of Texas’ holdings in Huron Consulting Group were worth $686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HURN. GSA Capital Partners LLP acquired a new stake in Huron Consulting Group during the first quarter worth approximately $760,000. Truist Financial Corp acquired a new stake in Huron Consulting Group during the 2nd quarter worth $959,000. Informed Momentum Co LLC purchased a new stake in Huron Consulting Group in the first quarter valued at $3,988,000. Picton Mahoney Asset Management boosted its stake in Huron Consulting Group by 71,800.0% in the first quarter. Picton Mahoney Asset Management now owns 7,909 shares of the business services provider’s stock valued at $1,135,000 after acquiring an additional 7,898 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Huron Consulting Group by 33.2% during the first quarter. Panagora Asset Management Inc. now owns 91,562 shares of the business services provider’s stock worth $13,135,000 after purchasing an additional 22,839 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $164.24, for a total transaction of $82,120.00. Following the transaction, the director owned 49,817 shares in the company, valued at approximately $8,181,944.08. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $164.13, for a total value of $328,260.00. Following the transaction, the director directly owned 37,304 shares of the company’s stock, valued at approximately $6,122,705.52. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 18,479 shares of company stock worth $2,914,496. Company insiders own 2.15% of the company’s stock.

Huron Consulting Group Trading Down 0.5%

Shares of HURN stock opened at $165.69 on Friday. The company has a market capitalization of $2.86 billion, a P/E ratio of 27.75 and a beta of 0.28. The company has a current ratio of 1.44, a quick ratio of 1.99 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $148.98 and its two-hundred day moving average is $142.00. Huron Consulting Group Inc. has a twelve month low of $116.77 and a twelve month high of $174.26.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HURN. Barrington Research boosted their target price on Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Wall Street Zen upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Benchmark increased their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock 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.