Oppenheimer Asset Management Inc. trimmed its holdings in shares of The Advisory Board Company (NASDAQ:ABCO) by 18.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,153 shares of the business services provider’s stock after selling 940 shares during the period. Oppenheimer Asset Management Inc.’s holdings in The Advisory Board were worth $223,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Victory Capital Management Inc. lifted its position in shares of 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 acquiring an additional 410 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of The Advisory Board in the 2nd quarter valued at approximately $221,000. Prudential Financial Inc. purchased a new stake in shares of The Advisory Board in the 2nd quarter valued at approximately $225,000. Amalgamated Bank lifted its position in shares of The Advisory Board by 3.5% in the 2nd quarter. Amalgamated Bank now owns 5,198 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 178 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of The Advisory Board by 550.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,235 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 4,430 shares in the last quarter. Hedge funds and other institutional investors own 95.50% of the company’s stock.

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

Several equities research analysts recently commented on ABCO shares. KeyCorp restated a “hold” rating on shares of The Advisory Board in a research report on Friday, September 1st. Robert W. Baird restated a “hold” rating and issued a $54.00 price target on shares of The Advisory Board in a research report on Wednesday, October 4th. Cantor Fitzgerald restated a “hold” rating and issued a $54.00 price target (up previously from $45.00) on shares of The Advisory Board in a research report on Tuesday, August 29th. William Blair downgraded shares of The Advisory Board from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Wells Fargo & Company downgraded shares of The Advisory Board from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $57.00 to $54.00 in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $51.95.

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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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