Trading Report: Today, 750 Shares of Stock are sold by The Advisory Board Co. (ABCO) Insider Cormac F. Miller

Today, 750 Shares of Stock are sold by The Advisory Board Co. (ABCO) Insider Cormac F. Miller

The Advisory Board Co. (NASDAQ:ABCO) insider Cormac F. Miller sold 750 shares of the stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $43.15, for a total value of $32,362.50. Following the completion of the transaction, the insider now owns 18,237 shares of the company’s stock, valued at approximately $786,926.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

The Advisory Board Co. (NASDAQ:ABCO) opened at 43.47 on Monday. The stock’s 50 day moving average price is $43.16 and its 200-day moving average price is $37.33. The Advisory Board Co. has a one year low of $18.87 and a one year high of $54.84. The firm’s market cap is $1.75 billion.

The Advisory Board (NASDAQ:ABCO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.13. The Advisory Board had a positive return on equity of 11.59% and a negative net margin of 10.21%. The business earned $198.40 million during the quarter, compared to analysts’ expectations of $196.49 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts forecast that The Advisory Board Co. will post $1.86 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. TPG Group Holdings SBS Advisors Inc. boosted its position in The Advisory Board by 298.4% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,144,589 shares of the company’s stock worth $75,897,000 after buying an additional 1,606,256 shares during the last quarter. Janus Capital Management LLC boosted its position in The Advisory Board by 146.3% in the second quarter. Janus Capital Management LLC now owns 1,744,564 shares of the company’s stock worth $61,739,000 after buying an additional 1,036,216 shares during the last quarter. Confluence Investment Management LLC boosted its position in The Advisory Board by 1,192.7% in the second quarter. Confluence Investment Management LLC now owns 614,292 shares of the company’s stock worth $21,740,000 after buying an additional 566,772 shares during the last quarter. Bernzott Capital Advisors acquired a new position in The Advisory Board during the second quarter worth about $18,812,000. Finally, FMR LLC boosted its position in The Advisory Board by 366.9% in the second quarter. FMR LLC now owns 622,874 shares of the company’s stock worth $22,044,000 after buying an additional 489,478 shares during the last quarter.

A number of equities analysts recently weighed in on ABCO shares. Craig Hallum upgraded The Advisory Board from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, July 28th. Zacks Investment Research upgraded The Advisory Board from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a research report on Monday, August 1st. Oppenheimer Holdings Inc. set a $45.00 price target on The Advisory Board and gave the company a “buy” rating in a research report on Thursday, July 28th. FBR & Co increased their price objective on The Advisory Board from $35.00 to $37.00 and gave the stock a “mkt perform” rating in a research note on Thursday, July 28th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of The Advisory Board in a research note on Friday, August 19th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.07.

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