The Advisory Board Company (NASDAQ:ABCO) was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $57.00) on shares of The Advisory Board in a research note on Sunday, July 9th. Canaccord Genuity cut The Advisory Board from a “buy” rating to a “hold” rating and dropped their price target for the stock from $56.00 to $54.29 in a research report on Tuesday, August 29th. Zacks Investment Research cut The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub downgraded The Advisory Board from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, William Blair downgraded The Advisory Board from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.77.

Shares of The Advisory Board (NASDAQ ABCO) opened at 53.625 on Monday. The company’s 50-day moving average price is $52.67 and its 200 day moving average price is $50.96. The Advisory Board has a one year low of $24.85 and a one year high of $59.50. The company has a market cap of $2.18 billion, a P/E ratio of 20.367 and a beta of 1.33.

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

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Several institutional investors have recently added to or reduced their stakes in ABCO. UBS Asset Management Americas Inc. increased its holdings in The Advisory Board by 132.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 21,361 shares of the business services provider’s stock worth $1,000,000 after buying an additional 12,162 shares in the last quarter. Karp Capital Management Corp purchased a new position in The Advisory Board in the 1st quarter worth about $244,000. Parametric Portfolio Associates LLC raised its position in The Advisory Board by 83.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 140,822 shares of the business services provider’s stock worth $6,590,000 after buying an additional 64,207 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in The Advisory Board in the 1st quarter worth about $166,000. Finally, Victory Capital Management Inc. purchased a new position in The Advisory Board in the 1st quarter worth about $109,000.

The Advisory Board Company 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.

Analyst Recommendations for The Advisory Board (NASDAQ:ABCO)

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