Credit Suisse Group AG reissued their buy rating on shares of The Advisory Board Co. (NASDAQ:ABCO) in a research report report published on Friday. The firm currently has a $50.00 target price on the stock.

Analyst Recommendations for The Advisory Board (NASDAQ:ABCO)

Several other research firms also recently issued reports on ABCO. Craig Hallum raised The Advisory Board from a hold rating to a buy rating and set a $47.00 price target on the stock in a research note on Thursday, July 28th. Zacks Investment Research raised The Advisory Board from a hold rating to a strong-buy rating and set a $48.00 price target on the stock in a research note on Monday, August 1st. Oppenheimer Holdings Inc. set a $45.00 price target on The Advisory Board and gave the company a buy rating in a research note on Thursday, July 28th. FBR & Co lifted their price target on The Advisory Board from $35.00 to $37.00 and gave the company a mkt perform rating in a research note on Thursday, July 28th. Finally, KeyCorp reaffirmed a hold rating on shares of The Advisory Board in a research report on Sunday, May 22nd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $43.40.

Shares of The Advisory Board (NASDAQ:ABCO) opened at 44.31 on Friday. The company’s market cap is $1.78 billion. The Advisory Board has a 52 week low of $18.87 and a 52 week high of $54.84. The company’s 50-day moving average price is $42.25 and its 200 day moving average price is $35.74.

The Advisory Board (NASDAQ:ABCO) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.13. The Advisory Board had a positive return on equity of 11.59% and a negative net margin of 10.21%. The firm had revenue of $198.40 million for the quarter, compared to the consensus estimate of $196.49 million. During the same quarter last year, the business posted $0.40 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts forecast that The Advisory Board will post $1.86 EPS for the current fiscal year.

In other news, CEO Robert W. Musslewhite sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $43.09, for a total transaction of $236,995.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cormac F. Miller sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $43.04, for a total value of $64,560.00. Following the completion of the sale, the insider now owns 18,987 shares of the company’s stock, valued at $817,200.48. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. Raymond James & Associates boosted its stake in shares of The Advisory Board by 0.4% in the second quarter. Raymond James & Associates now owns 7,067 shares of the company’s stock valued at $250,000 after buying an additional 28 shares during the period. BlackRock Advisors LLC boosted its stake in shares of The Advisory Board by 0.4% in the second quarter. BlackRock Advisors LLC now owns 19,655 shares of the company’s stock valued at $696,000 after buying an additional 73 shares during the period. Rhumbline Advisers boosted its stake in shares of The Advisory Board by 0.6% in the second quarter. Rhumbline Advisers now owns 50,804 shares of the company’s stock valued at $1,798,000 after buying an additional 292 shares during the period. BlackRock Inc. boosted its stake in shares of The Advisory Board by 16.2% in the second quarter. BlackRock Inc. now owns 3,263 shares of the company’s stock valued at $116,000 after buying an additional 455 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of The Advisory Board by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,856 shares of the company’s stock valued at $207,000 after buying an additional 708 shares during the period.

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’s healthcare programs address a range of clinical and business issues, including physician alignment and engagement, network management and growth strategy, value-based care and population health, revenue cycle, clinical operations and supply chain.

5 Day Chart for NASDAQ:ABCO

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