Teachers Retirement System of The State of Kentucky Grows Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,296 shares of the business services provider's stock after purchasing an additional 2,342 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.08% of Huron Consulting Group worth $1,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HURN. TI Trust Inc. bought a new position in Huron Consulting Group in the 4th quarter worth $12,197,000. Franklin Resources Inc. lifted its stake in shares of Huron Consulting Group by 20.5% during the 3rd quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock valued at $42,306,000 after buying an additional 67,239 shares in the last quarter. Norges Bank bought a new stake in Huron Consulting Group during the 4th quarter valued at approximately $7,427,000. Sunriver Management LLC increased its holdings in Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock valued at $60,465,000 after acquiring an additional 46,968 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Huron Consulting Group by 4.8% in the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock worth $74,722,000 after purchasing an additional 27,329 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on HURN. Benchmark reiterated a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Barrington Research reissued an "outperform" rating and issued a $167.00 target price on shares of Huron Consulting Group in a research report on Thursday, March 27th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Truist Financial increased their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Wedbush lifted their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Huron Consulting Group has an average rating of "Buy" and a consensus price target of $169.25.

Insider Transactions at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $142.67, for a total transaction of $71,335.00. Following the sale, the director now owns 52,121 shares of the company's stock, valued at approximately $7,436,103.07. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $125.15, for a total value of $130,406.30. Following the transaction, the director now directly owns 24,672 shares of the company's stock, valued at $3,087,700.80. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,781 shares of company stock valued at $11,484,452. Corporate insiders own 2.15% of the company's stock.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $3.72 during trading hours on Thursday, reaching $138.51. The stock had a trading volume of 80,014 shares, compared to its average volume of 146,704. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $153.85. The stock's 50 day moving average is $142.34 and its 200 day moving average is $129.14. The firm has a market capitalization of $2.48 billion, a PE ratio of 30.21 and a beta of 0.37.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.16 by $0.52. The company had revenue of $404.14 million during the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. Equities analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

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.