Russell Investments Group Ltd. cut its holdings in Advisory Board (NASDAQ:ABCO) by 55.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,226 shares of the business services provider’s stock after selling 178,466 shares during the quarter. Russell Investments Group Ltd. owned 0.36% of Advisory Board worth $7,788,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 140,247 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Advisory Board in the second quarter valued at approximately $139,617,000. Neuberger Berman Group LLC boosted its stake in shares of Advisory Board by 12.4% in the second quarter. Neuberger Berman Group LLC now owns 1,468,575 shares of the business services provider’s stock valued at $75,632,000 after buying an additional 162,150 shares in the last quarter. State Street Corp boosted its stake in shares of Advisory Board by 6.5% in the second quarter. State Street Corp now owns 831,642 shares of the business services provider’s stock valued at $42,829,000 after buying an additional 50,912 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Advisory Board by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 806,298 shares of the business services provider’s stock valued at $41,524,000 after buying an additional 95,916 shares in the last quarter. Hedge funds and other institutional investors own 95.50% of the company’s stock.

A number of analysts recently weighed in on ABCO shares. Piper Jaffray Companies set a $51.00 price target on Advisory Board and gave the company a “hold” rating in a research note on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Advisory Board in a research report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $54.00 target price on shares of Advisory Board in a research report on Wednesday, October 4th. Cantor Fitzgerald reiterated a “hold” rating and set a $54.00 target price (up from $45.00) on shares of Advisory Board in a research report on Tuesday, August 29th. Finally, Oppenheimer reiterated an “outperform” rating and set a $56.00 target price (up from $53.00) on shares of Advisory Board in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.95.

Shares of Advisory Board (NASDAQ ABCO) opened at $53.83 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $2,190.00, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 2.40 and a beta of 1.34. Advisory Board has a 12-month low of $30.40 and a 12-month high of $59.50.

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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.

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

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