VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.27 Million in Huron Consulting Group Inc. $HURN

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 9,239 shares of the business services provider’s stock, valued at approximately $1,271,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of Huron Consulting Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in Huron Consulting Group by 5.7% in the first quarter. Asset Management One Co. Ltd. now owns 59,140 shares of the business services provider’s stock valued at $8,484,000 after acquiring an additional 3,209 shares during the period. Lisanti Capital Growth LLC bought a new stake in shares of Huron Consulting Group during the first quarter valued at approximately $4,626,000. KBC Group NV bought a new stake in shares of Huron Consulting Group during the first quarter valued at approximately $128,000. Cannon Global Investment Management LLC bought a new position in Huron Consulting Group in the first quarter valued at approximately $201,000. Finally, Teacher Retirement System of Texas boosted its stake in Huron Consulting Group by 32.5% in the first quarter. Teacher Retirement System of Texas now owns 31,781 shares of the business services provider’s stock valued at $4,559,000 after acquiring an additional 7,788 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

HURN stock opened at $152.45 on Thursday. Huron Consulting Group Inc. has a 1 year low of $102.94 and a 1 year high of $155.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 26.61 and a beta of 0.29. The company has a 50 day simple moving average of $142.73 and a 200 day simple moving average of $140.20.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.10. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The firm had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. During the same period in the previous year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In related news, insider Kyle Featherstone sold 375 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $135.73, for a total transaction of $50,898.75. Following the completion of the transaction, the insider owned 1,311 shares in the company, valued at approximately $177,942.03. This represents a 22.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Ronald Dail sold 1,421 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $150.00, for a total transaction of $213,150.00. Following the transaction, the chief operating officer owned 39,608 shares of the company’s stock, valued at $5,941,200. This represents a 3.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,888 shares of company stock worth $1,378,690. Corporate insiders own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

HURN has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Finally, Barrington Research raised their target price on shares of 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 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 price target of $171.50.

Huron Consulting Group Company 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.