State of New Jersey Common Pension Fund D Trims Position in Huron Consulting Group Inc. (NASDAQ:HURN)

State of New Jersey Common Pension Fund D trimmed its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 14.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,440 shares of the business services provider’s stock after selling 3,161 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Huron Consulting Group were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners boosted its holdings in shares of Huron Consulting Group by 36.6% in the first quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock valued at $88,994,000 after purchasing an additional 247,218 shares during the period. F M Investments LLC bought a new position in shares of Huron Consulting Group during the 2nd quarter worth $10,202,000. William Blair Investment Management LLC purchased a new position in shares of Huron Consulting Group during the second quarter valued at $9,533,000. Assenagon Asset Management S.A. raised its holdings in shares of Huron Consulting Group by 240.8% in the second quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider’s stock valued at $13,426,000 after acquiring an additional 96,308 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in Huron Consulting Group in the first quarter worth about $5,614,000. 93.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Finally, Barrington Research increased their target price on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Huron Consulting Group has an average rating of “Buy” and a consensus target price of $133.00.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $115.82, for a total transaction of $120,684.44. Following the completion of the sale, the director now owns 27,798 shares of the company’s stock, valued at approximately $3,219,564.36. The trade was a 3.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the transaction, the director now directly owns 54,825 shares in the company, valued at $7,040,626.50. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,348 shares of company stock worth $627,712 in the last three months. Corporate insiders own 2.02% of the company’s stock.

Huron Consulting Group Price Performance

NASDAQ HURN opened at $120.76 on Friday. The firm’s fifty day simple moving average is $111.04 and its two-hundred day simple moving average is $103.16. The firm has a market capitalization of $2.14 billion, a P/E ratio of 26.25 and a beta of 0.60. 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 12-month low of $84.26 and a 12-month high of $131.06.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. Analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal 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.