Nationwide Fund Advisors trimmed its holdings in shares of The Advisory Board Company (NASDAQ:ABCO) by 3.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,146 shares of the business services provider’s stock after selling 812 shares during the period. Nationwide Fund Advisors owned approximately 0.06% of The Advisory Board worth $1,192,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ABCO. BlackRock Inc. boosted its holdings in shares of The Advisory Board by 72,455.6% during the 1st quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock worth $119,119,000 after buying an additional 2,541,744 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of The Advisory Board by 343.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 442,409 shares of the business services provider’s stock worth $20,705,000 after buying an additional 342,650 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of The Advisory Board by 46.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 779,208 shares of the business services provider’s stock worth $40,129,000 after buying an additional 247,000 shares in the last quarter. American Century Companies Inc. bought a new position in shares of The Advisory Board during the 2nd quarter worth approximately $9,268,000. Finally, Neuberger Berman Group LLC boosted its holdings in shares of The Advisory Board by 12.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,468,575 shares of the business services provider’s stock worth $75,632,000 after buying an additional 162,150 shares in the last quarter.

A number of equities analysts have issued reports on the company. Robert W. Baird restated an “outperform” rating and set a $65.00 price target (up from $57.00) on shares of The Advisory Board in a report on Sunday, July 9th. William Blair cut The Advisory Board from an “outperform” rating to a “hold” rating in a report on Tuesday, August 29th. KeyCorp restated a “hold” rating on shares of The Advisory Board in a report on Friday, September 1st. Piper Jaffray Companies set a $51.00 price target on The Advisory Board and gave the stock a “hold” rating in a report on Thursday, August 10th. Finally, Canaccord Genuity cut The Advisory Board from a “buy” rating to a “hold” rating and cut their price target 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, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $51.95.

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The Advisory Board Company (ABCO) opened at 53.90 on Monday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.47 and a beta of 1.33. The Advisory Board Company has a 12 month low of $24.85 and a 12 month high of $59.50. The stock’s 50 day moving average price is $53.62 and its 200-day moving average price is $52.24.

The Advisory Board (NASDAQ:ABCO) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.08). The Advisory Board had a net margin of 13.65% and a return on equity of 12.69%. The firm had revenue of $200.30 million for the quarter, compared to the consensus estimate of $196.16 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts anticipate that The Advisory Board Company will post $1.90 EPS for the current fiscal year.

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.

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

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