The Advisory Board Company (NASDAQ:ABCO)‘s stock had its “hold” rating reiterated by equities researchers at Cantor Fitzgerald in a research report issued on Friday.

A number of other analysts have also commented on the company. Zacks Investment Research lowered The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. William Blair lowered The Advisory Board from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 29th. Robert W. Baird lowered The Advisory Board from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $63.00 to $54.00 in a research report on Tuesday, August 29th. Canaccord Genuity lowered The Advisory Board from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $56.00 to $54.29 in a research report on Tuesday, August 29th. Finally, BidaskClub lowered The Advisory Board from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The Advisory Board has a consensus rating of “Hold” and an average target price of $51.95.

Shares of The Advisory Board (ABCO) traded up $0.05 during mid-day trading on Friday, reaching $53.82. The company had a trading volume of 895,134 shares, compared to its average volume of 788,742. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $2,190.00, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 2.39 and a beta of 1.34. The Advisory Board has a 1 year low of $30.40 and a 1 year high of $59.50.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Financial Services Inc. acquired a new position in The Advisory Board in the 2nd quarter valued at $137,000. Victory Capital Management Inc. grew its holdings in The Advisory Board by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,749 shares of the business services provider’s stock valued at $142,000 after buying an additional 410 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in The Advisory Board in the 2nd quarter valued at $204,000. First Capital Advisors Group LLC. acquired a new position in The Advisory Board in the 2nd quarter valued at $221,000. Finally, Cubist Systematic Strategies LLC acquired a new position in The Advisory Board in the 2nd quarter valued at $221,000. 96.41% of the stock is currently owned by hedge funds and other institutional investors.

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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