BNP Paribas Arbitrage SA grew its position in shares of The Advisory Board Company (NASDAQ:ABCO) by 550.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,235 shares of the business services provider’s stock after acquiring an additional 4,430 shares during the period. BNP Paribas Arbitrage SA’s holdings in The Advisory Board were worth $270,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Janus Capital Management LLC grew its holdings in shares of The Advisory Board by 35.4% during the 1st quarter. Janus Capital Management LLC now owns 3,346,695 shares of the business services provider’s stock worth $156,622,000 after acquiring an additional 874,688 shares during the period. Vanguard Group Inc. boosted its position in shares of The Advisory Board by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 3,146,324 shares of the business services provider’s stock worth $147,247,000 after purchasing an additional 106,517 shares in the last quarter. BlackRock Inc. boosted its position in shares of The Advisory Board by 72,455.6% in the 1st quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock worth $119,119,000 after purchasing an additional 2,541,744 shares in the last quarter. Elliott Management Corp bought a new stake in shares of The Advisory Board in the 1st quarter worth approximately $95,047,000. Finally, Neuberger Berman Group LLC boosted its position in shares of The Advisory Board by 20,493.1% in the 1st quarter. Neuberger Berman Group LLC now owns 1,306,425 shares of the business services provider’s stock worth $61,141,000 after purchasing an additional 1,300,081 shares in the last quarter.

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A number of analysts have recently commented on ABCO shares. Zacks Investment Research raised The Advisory Board from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, July 4th. Piper Jaffray Companies set a $51.00 price target on The Advisory Board and gave the stock a “hold” rating in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price target (up from $48.00) on shares of The Advisory Board in a research report on Thursday, July 6th. KeyCorp reissued a “hold” rating on shares of The Advisory Board in a research report on Friday, September 1st. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $54.00 price target (up from $45.00) on shares of The Advisory Board in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The Advisory Board has a consensus rating of “Hold” and an average price target of $51.77.

The Advisory Board Company (NASDAQ ABCO) opened at 53.35 on Thursday. The company has a 50-day moving average price of $52.67 and a 200 day moving average price of $50.96. 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 capitalization of $2.17 billion, a PE ratio of 20.26 and a beta of 1.35.

The Advisory Board (NASDAQ:ABCO) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.08). The firm had revenue of $200.30 million during the quarter, compared to analyst estimates of $196.16 million. The Advisory Board had a net margin of 13.65% and a return on equity of 12.69%. The Advisory Board’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. Equities research analysts anticipate that The Advisory Board Company will post $1.90 earnings per share for the current 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.

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

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