First Capital Advisors Group LLC. bought a new position in shares of The Advisory Board Company (NASDAQ:ABCO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,283 shares of the business services provider’s stock, valued at approximately $221,000.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of 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 worth $119,119,000 after buying an additional 2,541,744 shares during the last quarter. Elliott Management Corp bought a new stake in shares of The Advisory Board during the first quarter worth $95,047,000. Neuberger Berman Group LLC raised its stake in shares of The Advisory Board by 20,493.1% in the first quarter. Neuberger Berman Group LLC now owns 1,306,425 shares of the business services provider’s stock worth $61,141,000 after buying an additional 1,300,081 shares during the last quarter. Janus Capital Management LLC raised its stake in shares of 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 worth $156,622,000 after buying an additional 874,688 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of The Advisory Board during the first quarter worth $24,907,000.

The Advisory Board Company (NASDAQ ABCO) opened at 50.70 on Friday. The Advisory Board Company has a 52 week low of $24.85 and a 52 week high of $59.50. The company has a market cap of $2.06 billion, a P/E ratio of 19.26 and a beta of 1.33. The stock has a 50 day moving average of $54.51 and a 200 day moving average of $49.64.

The Advisory Board (NASDAQ:ABCO) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $196.16 million. The Advisory Board had a net margin of 13.65% and a return on equity of 13.02%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, analysts expect that The Advisory Board Company will post $1.91 earnings per share for the current year.

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A number of equities research analysts have recently weighed in on ABCO shares. Zacks Investment Research lowered shares of The Advisory Board from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Credit Suisse Group lifted their target price on shares of The Advisory Board from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. TheStreet lowered shares of The Advisory Board from a “b-” rating to a “c” rating in a research note on Friday, May 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 target price (up previously from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $57.00) on shares of The Advisory Board in a research note on Sunday, July 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $51.42.

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.

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

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