Huron Consulting Group (HURN) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System boosted its position in Huron Consulting Group (NASDAQ:HURN) by 13.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,870 shares of the business services provider’s stock after buying an additional 6,870 shares during the period. California Public Employees Retirement System’s holdings in Huron Consulting Group were worth $2,054,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Van Berkom & Associates Inc. increased its position in Huron Consulting Group by 68.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,916,609 shares of the business services provider’s stock valued at $65,740,000 after buying an additional 776,995 shares in the last quarter. Vanguard Group Inc. increased its position in Huron Consulting Group by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,818,993 shares of the business services provider’s stock valued at $78,580,000 after buying an additional 64,593 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Huron Consulting Group by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,425,586 shares of the business services provider’s stock valued at $61,585,000 after buying an additional 151,495 shares in the last quarter. Boston Partners increased its holdings in Huron Consulting Group by 1.9% during the 3rd quarter. Boston Partners now owns 755,853 shares of the business services provider’s stock worth $25,926,000 after purchasing an additional 13,966 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Huron Consulting Group by 60.4% during the 3rd quarter. American Century Companies Inc. now owns 515,311 shares of the business services provider’s stock worth $17,675,000 after purchasing an additional 193,994 shares in the last quarter. 89.59% of the stock is owned by institutional investors and hedge funds.
Shares of Huron Consulting Group (NASDAQ:HURN) opened at $41.20 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $917.26, a P/E ratio of -6.49, a price-to-earnings-growth ratio of 1.13 and a beta of 0.12. Huron Consulting Group has a twelve month low of $29.52 and a twelve month high of $47.65.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). The company had revenue of $176.40 million for the quarter, compared to the consensus estimate of $181.27 million. Huron Consulting Group had a positive return on equity of 7.50% and a negative net margin of 17.09%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. sell-side analysts predict that Huron Consulting Group will post 2.22 earnings per share for the current fiscal year.
A number of brokerages have commented on HURN. BidaskClub lowered Huron Consulting Group from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. SunTrust Banks reissued a “buy” rating and set a $48.00 price objective on shares of Huron Consulting Group in a report on Friday, October 20th. Finally, Zacks Investment Research raised Huron Consulting Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.00.
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About Huron Consulting Group
Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.
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