Shares of The Advisory Board Company (NASDAQ:ABCO) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $51.21.

Several analysts have issued reports on ABCO shares. Zacks Investment Research cut The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. William Blair cut The Advisory Board from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 29th. Robert W. Baird cut The Advisory Board from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $63.00 to $54.00 in a research report on Tuesday, August 29th. 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 report on Thursday, July 6th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $54.00 target price (up previously from $45.00) on shares of The Advisory Board in a research report on Tuesday, August 29th.

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A number of hedge funds have recently modified their holdings of ABCO. Victory Capital Management Inc. purchased a new position in The Advisory Board in the 1st quarter worth $109,000. Rockefeller Financial Services Inc. purchased a new position in The Advisory Board in the 2nd quarter worth $137,000. Asset Management One Co. Ltd. purchased a new position in The Advisory Board in the 1st quarter worth $159,000. Ameritas Investment Partners Inc. purchased a new position in The Advisory Board in the 1st quarter worth $166,000. Finally, Eqis Capital Management Inc. purchased a new position in The Advisory Board in the 2nd quarter worth $204,000.

Shares of The Advisory Board (NASDAQ:ABCO) traded down 0.233% on Wednesday, reaching $53.625. The company’s stock had a trading volume of 886,840 shares. The firm has a market capitalization of $2.18 billion, a PE ratio of 20.367 and a beta of 1.35. The Advisory Board has a one year low of $24.85 and a one year high of $59.50. The firm has a 50-day moving average price of $52.67 and a 200 day moving average price of $50.96.

The Advisory Board (NASDAQ:ABCO) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.08). The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $196.16 million. The Advisory Board had a net margin of 13.65% and a return on equity of 12.69%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. On average, analysts anticipate that The Advisory Board will post $1.90 earnings per share for the current fiscal year.

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.

Analyst Recommendations for The Advisory Board (NASDAQ:ABCO)

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