Kennedy Capital Management Inc. Buys Shares of 48,480 The Advisory Board Company (ABCO)

Kennedy Capital Management Inc. bought a new stake in shares of The Advisory Board Company (NASDAQ:ABCO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,480 shares of the business services provider’s stock, valued at approximately $2,497,000. Kennedy Capital Management Inc. owned 0.12% of The Advisory Board as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in The Advisory Board by 343.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 442,409 shares of the business services provider’s stock worth $20,705,000 after buying an additional 342,650 shares during the period. Lincoln Capital Corp boosted its holdings in The Advisory Board by 0.8% in the 2nd quarter. Lincoln Capital Corp now owns 58,806 shares of the business services provider’s stock worth $3,029,000 after buying an additional 461 shares during the period. Rockefeller Financial Services Inc. bought a new position in The Advisory Board in the 2nd quarter worth approximately $137,000. American International Group Inc. boosted its holdings in The Advisory Board by 5.4% in the 1st quarter. American International Group Inc. now owns 24,841 shares of the business services provider’s stock worth $1,163,000 after buying an additional 1,281 shares during the period. Finally, Victory Capital Management Inc. bought a new position in The Advisory Board in the 1st quarter worth approximately $109,000.

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Several research analysts recently commented on ABCO shares. Zacks Investment Research downgraded shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $54.00 price objective (up from $45.00) on shares of The Advisory Board in a report on Tuesday, August 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 price objective (up from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $56.00 price objective (up from $53.00) on shares of The Advisory Board in a report on Thursday, August 10th. Finally, BidaskClub downgraded shares of The Advisory Board from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $51.77.

The Advisory Board Company (ABCO) opened at 53.40 on Tuesday. The Advisory Board Company has a one year low of $24.85 and a one year high of $59.50. The company has a market capitalization of $2.17 billion, a P/E ratio of 20.28 and a beta of 1.35. The firm has a 50-day moving average of $52.74 and a 200 day moving average of $50.90.

The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.08). The firm had revenue of $200.30 million during the quarter, compared to the consensus estimate of $196.16 million. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share. On average, equities analysts forecast that The Advisory Board Company will post $1.90 EPS for the current fiscal year.

About The Advisory Board

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.

Institutional Ownership by Quarter for The Advisory Board (NASDAQ:ABCO)

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