The Advisory Board Company (ABCO) Given “Hold” Rating at Robert W. Baird
Robert W. Baird reissued their hold rating on shares of The Advisory Board Company (NASDAQ:ABCO) in a research report released on Wednesday morning. The brokerage currently has a $54.00 price objective on the business services provider’s stock.
ABCO has been the subject of several other reports. Zacks Investment Research cut shares of The Advisory Board from a strong-buy rating to a hold rating in a report on Tuesday, July 25th. Cantor Fitzgerald restated a hold rating and set a $54.00 price target (up from $45.00) on shares of The Advisory Board in a report on Tuesday, August 29th. Stifel Nicolaus restated a hold rating and set a $53.00 price target (up from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Wells Fargo & Company cut shares of The Advisory Board from an outperform rating to a market perform rating and decreased their price target for the stock from $57.00 to $54.00 in a report on Monday. Finally, Oppenheimer Holdings, Inc. restated an outperform rating and set a $56.00 price target (up from $53.00) on shares of The Advisory Board in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $51.95.
Shares of The Advisory Board (NASDAQ:ABCO) traded up 0.046% during trading on Wednesday, hitting $53.925. 159,961 shares of the company traded hands. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 20.480 and a beta of 1.33. The firm has a 50 day moving average price of $52.88 and a 200-day moving average price of $51.60. The Advisory Board has a one year low of $24.85 and a one year high of $59.50.
The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results 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 company had revenue of $200.30 million for the quarter, compared to analyst estimates 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 prior year, the business posted $0.46 earnings per share. Analysts predict that The Advisory Board will post $1.90 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Capital Management LLC lifted its stake in The Advisory Board by 35.4% in the first quarter. Janus Capital Management LLC now owns 3,346,695 shares of the business services provider’s stock valued at $156,622,000 after acquiring an additional 874,688 shares during the last quarter. Vanguard Group Inc. lifted its stake in The Advisory Board by 4.5% in the second quarter. Vanguard Group Inc. now owns 3,286,571 shares of the business services provider’s stock valued at $169,259,000 after acquiring an additional 140,247 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in The Advisory Board in the second quarter valued at approximately $139,617,000. BlackRock Inc. lifted its stake in The Advisory Board by 72,455.6% in the first quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock valued at $119,119,000 after acquiring an additional 2,541,744 shares during the last quarter. Finally, Elliott Management Corp acquired a new stake in The Advisory Board in the first quarter valued at approximately $95,047,000.
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.
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