New York State Common Retirement Fund Decreases Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

New York State Common Retirement Fund trimmed its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,397 shares of the business services provider’s stock after selling 900 shares during the quarter. New York State Common Retirement Fund’s holdings in Huron Consulting Group were worth $671,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Jennison Associates LLC lifted its position in shares of Huron Consulting Group by 4.8% during the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock valued at $74,722,000 after buying an additional 27,329 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Huron Consulting Group by 29.1% in the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after purchasing an additional 121,371 shares during the last quarter. State Street Corp raised its position in shares of Huron Consulting Group by 2.1% in the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after purchasing an additional 8,972 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Huron Consulting Group by 20.5% in the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock valued at $42,306,000 after purchasing an additional 67,239 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Huron Consulting Group by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock valued at $41,308,000 after purchasing an additional 17,146 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on HURN shares. Benchmark increased their price objective on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, February 26th. Wedbush started coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Truist Financial reaffirmed a “buy” rating and issued a $165.00 price objective (up from $140.00) on shares of Huron Consulting Group in a research report on Wednesday, February 26th. Finally, Barrington Research increased their price objective on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $151.75.

Insider Transactions at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the sale, the director now owns 56,688 shares of the company’s stock, valued at $7,066,159.20. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director H Eugene Lockhart sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the director now directly owns 12,172 shares in the company, valued at $1,825,800. The trade was a 50.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,042 shares of company stock valued at $2,814,571 in the last 90 days. 2.02% of the stock is currently owned by company insiders.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $148.42 on Tuesday. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $153.85. The company’s 50 day moving average is $127.53 and its 200 day moving average is $118.35. 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 $2.62 billion, a PE ratio of 32.27 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. The company had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. On average, sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.