Public Employees Retirement Association of Colorado Cuts Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Public Employees Retirement Association of Colorado lowered its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 22.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,531 shares of the business services provider’s stock after selling 747 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Huron Consulting Group were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. ProShare Advisors LLC boosted its stake in shares of Huron Consulting Group by 6.0% in the first quarter. ProShare Advisors LLC now owns 3,342 shares of the business services provider’s stock valued at $323,000 after buying an additional 188 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Huron Consulting Group by 2.1% during the 1st quarter. Blair William & Co. IL now owns 10,512 shares of the business services provider’s stock worth $1,016,000 after purchasing an additional 218 shares in the last quarter. Covestor Ltd grew its stake in shares of Huron Consulting Group by 26,500.0% during the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after purchasing an additional 265 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Huron Consulting Group in the 2nd quarter valued at about $28,000. Finally, Diversified Trust Co lifted its stake in shares of Huron Consulting Group by 7.5% in the second quarter. Diversified Trust Co now owns 5,452 shares of the business services provider’s stock valued at $537,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $108.01 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.94 billion, a P/E ratio of 31.13 and a beta of 0.61. The firm has a 50-day moving average price of $107.35 and a two-hundred day moving average price of $98.69. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20. The business had revenue of $371.70 million during the quarter, compared to analysts’ expectations of $374.33 million. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. As a group, research analysts expect that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

HURN has been the topic of several recent analyst reports. StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Barrington Research restated an “outperform” rating and issued a $137.00 price target on shares of Huron Consulting Group in a report on Monday, September 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.75.

Insider Activity

In related news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $99.16, for a total transaction of $29,748.00. Following the completion of the sale, the director now owns 57,688 shares in the company, valued at approximately $5,720,342.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $99.16, for a total value of $29,748.00. Following the transaction, the director now directly owns 57,688 shares in the company, valued at approximately $5,720,342.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the sale, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The disclosure for this sale can be found here. Insiders have sold 44,439 shares of company stock worth $4,512,214 over the last three months. 2.02% of the stock is currently owned by corporate 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.