Jennison Associates LLC Has $79.97 Million Stock Holdings in Huron Consulting Group Inc. $HURN

Jennison Associates LLC boosted its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 17.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 581,397 shares of the business services provider’s stock after purchasing an additional 86,069 shares during the quarter. Jennison Associates LLC owned about 3.37% of Huron Consulting Group worth $79,965,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HURN. KBC Group NV acquired a new stake in Huron Consulting Group in the first quarter worth $128,000. Cannon Global Investment Management LLC acquired a new stake in Huron Consulting Group in the first quarter worth $201,000. Teacher Retirement System of Texas grew its holdings in Huron Consulting Group by 32.5% in the first quarter. Teacher Retirement System of Texas now owns 31,781 shares of the business services provider’s stock worth $4,559,000 after purchasing an additional 7,788 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Huron Consulting Group by 15.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the business services provider’s stock valued at $157,000 after buying an additional 148 shares in the last quarter. Finally, Xponance Inc. lifted its stake in shares of Huron Consulting Group by 18.3% in the first quarter. Xponance Inc. now owns 1,942 shares of the business services provider’s stock valued at $279,000 after buying an additional 300 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO James Ronald Dail sold 1,421 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $150.00, for a total transaction of $213,150.00. Following the transaction, the chief operating officer directly owned 39,608 shares of the company’s stock, valued at $5,941,200. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kyle Featherstone sold 375 shares of Huron Consulting Group stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the completion of the sale, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. This represents a 22.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,488 shares of company stock valued at $1,471,690 over the last ninety days. Company insiders own 2.15% of the company’s stock.

Huron Consulting Group Stock Up 11.2%

HURN opened at $169.61 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99. The company’s 50-day moving average is $144.92 and its 200 day moving average is $140.77. Huron Consulting Group Inc. has a fifty-two week low of $108.21 and a fifty-two week high of $174.26. The firm has a market capitalization of $2.94 billion, a P/E ratio of 28.41 and a beta of 0.29.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.24. Huron Consulting Group had a net margin of 6.54% and a return on equity of 26.92%. The company had revenue of $432.36 million for the quarter, compared to analyst estimates of $418.13 million. During the same period last year, the firm earned $1.68 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. Research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

HURN has been the topic of a number of recent research reports. Benchmark raised their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Barrington Research raised their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huron Consulting Group in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $175.25.

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.