State of New Jersey Common Pension Fund D Sells 2,010 Shares of Huron Consulting Group Inc. $HURN

Key Points

• State of New Jersey Common Pension Fund D reduced its stake in Huron Consulting Group by 11.5%, selling 2,010 shares, and now holds 15,439 shares valued at approximately $2.22 million.
• Huron Consulting Group reported earnings per share of $1.89 for the last quarter, surpassing analysts' expectations, while revenue increased by 8.3% year-over-year.
• Institutional ownership of Huron Consulting Group remains high at 93.90%, with multiple hedge funds acquiring new positions recently, reflecting growing investor confidence.

State of New Jersey Common Pension Fund D trimmed its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,439 shares of the business services provider's stock after selling 2,010 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.09% of Huron Consulting Group worth $2,215,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after purchasing an additional 4,946 shares in the last quarter. Invesco Ltd. lifted its stake in Huron Consulting Group by 7.9% in the first quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock valued at $40,455,000 after acquiring an additional 20,680 shares during the last quarter. Nuveen LLC acquired a new stake in Huron Consulting Group in the first quarter valued at $38,511,000. Northern Trust Corp increased its stake in shares of Huron Consulting Group by 10.0% during the 4th quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock worth $31,922,000 after purchasing an additional 23,392 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its stake in shares of Huron Consulting Group by 0.7% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock worth $35,047,000 after purchasing an additional 1,760 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Price Performance

Huron Consulting Group stock traded up $1.68 during mid-day trading on Wednesday, reaching $138.25. 232,220 shares of the company were exchanged, compared to its average volume of 221,540. The company has a fifty day simple moving average of $133.80 and a 200-day simple moving average of $139.13. Huron Consulting Group Inc. has a 12 month low of $102.58 and a 12 month 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 firm has a market cap of $2.39 billion, a PE ratio of 24.13 and a beta of 0.26.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The firm had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. During the same quarter last year, the company earned $1.68 EPS. The company's revenue was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HURN. Barrington Research upped their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Huron Consulting Group currently has an average rating of "Buy" and a consensus price target of $171.50.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $128.98, for a total value of $257,960.00. Following the sale, the director owned 43,304 shares in the company, valued at approximately $5,585,349.92. The trade was a 4.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kyle Featherstone sold 375 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the sale, the insider owned 1,311 shares in the company, valued at approximately $177,942.03. The trade was a 22.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,711 shares of company stock worth $624,066 in the last 90 days. 2.15% of the stock is currently owned by company insiders.

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.