State Board of Administration of Florida Retirement System Trims Position in Huron Consulting Group (NASDAQ:HURN)

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State Board of Administration of Florida Retirement System lessened its holdings in shares of Huron Consulting Group (NASDAQ:HURN) by 5.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,946 shares of the business services provider’s stock after selling 680 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.05% of Huron Consulting Group worth $602,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Huron Consulting Group by 55.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,427 shares of the business services provider’s stock worth $67,000 after purchasing an additional 509 shares during the period. Aperio Group LLC purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth $185,000. Wedge Capital Management L L P NC purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth $210,000. BNP Paribas Arbitrage SA lifted its stake in shares of Huron Consulting Group by 163.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,152 shares of the business services provider’s stock worth $243,000 after purchasing an additional 3,194 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Huron Consulting Group during the 1st quarter worth $271,000. 88.49% of the stock is currently owned by institutional investors.

In related news, insider C. Mark Hussey sold 11,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $61.01, for a total value of $671,110.00. Following the completion of the sale, the insider now directly owns 78,507 shares in the company, valued at approximately $4,789,712.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George Massaro sold 547 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $50.02, for a total value of $27,360.94. Following the completion of the sale, the director now owns 21,999 shares of the company’s stock, valued at $1,100,389.98. The disclosure for this sale can be found here. Corporate insiders own 2.86% of the company’s stock.

A number of brokerages have weighed in on HURN. Benchmark set a $60.00 price target on Huron Consulting Group and gave the stock a “buy” rating in a research note on Wednesday, July 31st. SunTrust Banks upped their price objective on Huron Consulting Group to $74.00 and gave the stock a “buy” rating in a report on Tuesday. Barrington Research restated an “outperform” rating and set a $68.00 price objective (up from $57.00) on shares of Huron Consulting Group in a report on Monday, August 5th. Zacks Investment Research upgraded Huron Consulting Group from a “hold” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a report on Friday, August 2nd. Finally, BidaskClub upgraded Huron Consulting Group from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $68.00.

Shares of HURN stock traded up $0.33 on Thursday, reaching $63.90. 423 shares of the stock were exchanged, compared to its average volume of 90,181. The stock has a market cap of $1.43 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 1.85 and a beta of -0.07. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $58.57 and a two-hundred day moving average of $51.69. Huron Consulting Group has a 1-year low of $44.78 and a 1-year high of $64.39.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. The business had revenue of $220.80 million during the quarter, compared to the consensus estimate of $205.51 million. Huron Consulting Group had a return on equity of 10.01% and a net margin of 2.76%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. On average, equities research analysts predict that Huron Consulting Group will post 2.5 EPS for the current fiscal year.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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Institutional Ownership by Quarter for Huron Consulting Group (NASDAQ:HURN)

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