SG Americas Securities LLC purchased a new stake in shares of The Advisory Board Company (NASDAQ:ABCO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,600 shares of the business services provider’s stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ABCO. Victory Capital Management Inc. grew its holdings in shares of The Advisory Board by 17.5% in the second quarter. Victory Capital Management Inc. now owns 2,749 shares of the business services provider’s stock worth $142,000 after purchasing an additional 410 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of The Advisory Board in the second quarter worth approximately $221,000. Prudential Financial Inc. bought a new position in shares of The Advisory Board in the second quarter worth approximately $225,000. Amalgamated Bank grew its holdings in shares of The Advisory Board by 3.5% in the second quarter. Amalgamated Bank now owns 5,198 shares of the business services provider’s stock worth $268,000 after purchasing an additional 178 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of The Advisory Board by 550.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,235 shares of the business services provider’s stock worth $270,000 after purchasing an additional 4,430 shares during the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.

ABCO has been the topic of several recent analyst reports. KeyCorp restated a “hold” rating on shares of The Advisory Board in a report on Friday, September 1st. Robert W. Baird restated a “hold” rating and issued a $54.00 target price on shares of The Advisory Board in a report on Wednesday, October 4th. Cantor Fitzgerald restated a “hold” rating and issued a $54.00 target price (up previously from $45.00) on shares of The Advisory Board in a report on Tuesday, August 29th. William Blair cut shares of The Advisory Board from an “outperform” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Wells Fargo & Company lowered The Advisory Board from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $57.00 to $54.00 in a research note on Monday, October 2nd. One investment 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 has a consensus rating of “Hold” and an average target price of $51.95.

Shares of The Advisory Board Company (NASDAQ:ABCO) opened at $53.83 on Thursday. The Advisory Board Company has a 52 week low of $30.40 and a 52 week high of $59.50. The company has a market capitalization of $2,190.00, a price-to-earnings ratio of 32.23, a P/E/G ratio of 2.40 and a beta of 1.34. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.98.

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About The Advisory Board

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.

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

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