Great West Life Assurance Co. Can maintained its stake in The Advisory Board Company (NASDAQ:ABCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,585 shares of the business services provider’s stock at the close of the second quarter. Great West Life Assurance Co. Can’s holdings in The Advisory Board were worth $184,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Janus Capital Management LLC boosted its holdings in shares of The Advisory Board by 35.4% in the 1st quarter. Janus Capital Management LLC now owns 3,346,695 shares of the business services provider’s stock worth $156,622,000 after purchasing an additional 874,688 shares during the period. Vanguard Group Inc. boosted its holdings in shares of The Advisory Board by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 3,146,324 shares of the business services provider’s stock worth $147,247,000 after purchasing an additional 106,517 shares during the period. BlackRock Inc. boosted its holdings in shares of The Advisory Board by 72,455.6% in the 1st quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock worth $119,119,000 after purchasing an additional 2,541,744 shares during the period. Elliott Management Corp purchased a new position in shares of The Advisory Board in the 1st quarter worth approximately $95,047,000. Finally, Neuberger Berman Group LLC boosted its holdings in shares of The Advisory Board by 20,493.1% in the 1st quarter. Neuberger Berman Group LLC now owns 1,306,425 shares of the business services provider’s stock worth $61,141,000 after purchasing an additional 1,300,081 shares during the period.

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A number of brokerages have recently commented on ABCO. Piper Jaffray Companies set a $51.00 target price on The Advisory Board and gave the stock a “hold” rating in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $56.00 target price (up previously from $53.00) on shares of The Advisory Board in a report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of The Advisory Board in a report on Friday, September 1st. BidaskClub cut The Advisory Board from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Canaccord Genuity cut The Advisory Board from a “buy” rating to a “hold” rating and dropped their target price for the stock from $56.00 to $54.29 in a report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The Advisory Board currently has an average rating of “Hold” and an average target price of $51.77.

The Advisory Board Company (ABCO) opened at 53.50 on Friday. The Advisory Board Company has a 12-month low of $24.85 and a 12-month high of $59.50. The company’s 50-day moving average price is $52.85 and its 200-day moving average price is $50.77. The stock has a market cap of $2.18 billion, a PE ratio of 20.32 and a beta of 1.35.

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

The Advisory Board Profile

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

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