The Advisory Board Company (NASDAQ:ABCO) had its target price increased by Credit Suisse Group AG from $54.00 to $55.00 in a research note issued to investors on Friday, May 5th. They currently have an outperform rating on the business services provider’s stock.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut The Advisory Board Company from a buy rating to a hold rating in a report on Tuesday, April 25th. Robert W. Baird raised The Advisory Board Company from a neutral rating to an outperform rating and raised their price target for the company from $50.00 to $53.00 in a report on Monday, March 27th. SunTrust Banks, Inc. cut The Advisory Board Company from a buy rating to a hold rating and set a $45.00 price target on the stock. in a report on Friday, March 10th. Barclays PLC set a $56.00 price target on The Advisory Board Company and gave the company a buy rating in a report on Tuesday, February 14th. Finally, Craig Hallum cut The Advisory Board Company from a buy rating to a hold rating and set a $46.00 price target on the stock. in a report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The Advisory Board Company has an average rating of Hold and a consensus price target of $47.92.
Shares of The Advisory Board Company (NASDAQ:ABCO) traded down 0.58% during trading on Friday, hitting $51.30. 63,499 shares of the company were exchanged. The stock has a market cap of $2.08 billion, a P/E ratio of 20.79 and a beta of 1.15. The Advisory Board Company has a 12 month low of $24.85 and a 12 month high of $54.50. The company’s 50-day moving average price is $48.88 and its 200 day moving average price is $42.24.
The Advisory Board Company (NASDAQ:ABCO) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $188.43 million. The Advisory Board Company had a positive return on equity of 11.28% and a negative net margin of 5.77%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities analysts predict that The Advisory Board Company will post $1.96 earnings per share for the current fiscal year.
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In other news, President David L. Felsenthal sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $45.01, for a total value of $1,440,320.00. Following the completion of the transaction, the president now owns 85,256 shares in the company, valued at approximately $3,837,372.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cormac F. Miller sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $45.16, for a total value of $33,870.00. Following the completion of the transaction, the insider now owns 18,237 shares of the company’s stock, valued at approximately $823,582.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,856 shares of company stock worth $3,867,680. Corporate insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new position in shares of The Advisory Board Company during the first quarter worth about $109,000. Howard Hughes Medical Institute bought a new position in shares of The Advisory Board Company during the first quarter worth about $158,000. Asset Management One Co. Ltd. bought a new position in shares of The Advisory Board Company during the first quarter worth about $159,000. Ameritas Investment Partners Inc. acquired a new position in The Advisory Board Company during the first quarter valued at $166,000. Finally, Aperio Group LLC acquired a new position in The Advisory Board Company during the third quarter valued at $212,000.
About The Advisory Board Company
The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company offers subscription-based membership programs, software and data-enabled services. All of its programs are rooted in best practices and extends across four areas, including Best practices research, Technology, Data-enabled services and Consulting services.
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