Today, The Advisory Board Co. (ABCO) Lowered by Bank of America Corp.

Today, The Advisory Board Co. (ABCO) Lowered by Bank of America Corp.

The Advisory Board Co. (NASDAQ:ABCO) was downgraded by Bank of America Corp. from a “buy” rating to an “underperform” rating in a note issued to investors on Monday.

Other equities analysts also recently issued reports about the company. Barclays PLC increased their target price on The Advisory Board from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Zacks Investment Research downgraded The Advisory Board from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Cantor Fitzgerald reissued a “hold” rating and set a $37.00 target price on shares of The Advisory Board in a research note on Thursday, July 28th. JPMorgan Chase & Co. assumed coverage on The Advisory Board in a research note on Friday, October 28th. They set a “buy” rating and a $45.00 target price for the company. Finally, Oppenheimer Holdings Inc. set a $45.00 target price on The Advisory Board and gave the stock a “buy” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.25.

The Advisory Board (NASDAQ:ABCO) opened at 37.20 on Monday. The stock’s market cap is $1.49 billion. The company’s 50-day moving average price is $38.88 and its 200-day moving average price is $38.64. The Advisory Board has a 12 month low of $18.87 and a 12 month high of $54.84.

The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.12. The company had revenue of $200.50 million for the quarter, compared to analysts’ expectations of $203.35 million. The Advisory Board had a negative net margin of 5.77% and a positive return on equity of 11.28%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. Equities analysts forecast that The Advisory Board will post $1.83 earnings per share for the current year.

In other news, CEO Robert W. Musslewhite sold 5,500 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $43.09, for a total transaction of $236,995.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Cormac F. Miller sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $43.04, for a total value of $64,560.00. Following the sale, the insider now owns 18,987 shares in the company, valued at approximately $817,200.48. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Group LTD raised its position in shares of The Advisory Board by 22.7% in the first quarter. BlackRock Group LTD now owns 27,766 shares of the company’s stock valued at $895,000 after buying an additional 5,130 shares during the period. AXA raised its position in shares of The Advisory Board by 28.5% in the first quarter. AXA now owns 27,640 shares of the company’s stock valued at $891,000 after buying an additional 6,129 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of The Advisory Board during the first quarter valued at $6,165,000. A.R.T. Advisors LLC raised its position in shares of The Advisory Board by 615.3% in the first quarter. A.R.T. Advisors LLC now owns 42,781 shares of the company’s stock valued at $1,379,000 after buying an additional 36,800 shares during the period. Finally, Royal Bank of Canada raised its position in shares of The Advisory Board by 6.0% in the first quarter. Royal Bank of Canada now owns 1,252,911 shares of the company’s stock valued at $40,406,000 after buying an additional 70,769 shares during the period.

The Advisory Board Company Profile

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