Public Employees Retirement System of Ohio continued to hold its stake in The Advisory Board Company (NASDAQ:ABCO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,740 shares of the business services provider’s stock at the end of the second quarter. Public Employees Retirement System of Ohio owned about 0.06% of The Advisory Board worth $1,223,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of The Advisory Board by 343.5% during the first quarter. Goldman Sachs Group Inc. now owns 442,409 shares of the business services provider’s stock worth $20,705,000 after acquiring an additional 342,650 shares during the period. Lincoln Capital Corp grew its position in The Advisory Board by 0.8% during the second quarter. Lincoln Capital Corp now owns 58,806 shares of the business services provider’s stock worth $3,029,000 after buying an additional 461 shares during the period. Rockefeller Financial Services Inc. acquired a new position in The Advisory Board during the second quarter worth about $137,000. Geode Capital Management LLC grew its position in The Advisory Board by 5.4% during the first quarter. Geode Capital Management LLC now owns 329,133 shares of the business services provider’s stock worth $15,403,000 after buying an additional 16,757 shares during the period. Finally, Bank of Montreal Can grew its position in The Advisory Board by 497.4% during the second quarter. Bank of Montreal Can now owns 120,054 shares of the business services provider’s stock worth $6,183,000 after buying an additional 99,957 shares during the period. Institutional investors and hedge funds own 99.05% of the company’s stock.

Shares of The Advisory Board Company (NASDAQ ABCO) opened at $53.45 on Wednesday. The company has a market cap of $2,166.34, a P/E ratio of 32.41, a PEG ratio of 2.37 and a beta of 1.34. The Advisory Board Company has a 1 year low of $30.40 and a 1 year high of $59.50. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.06 and a quick ratio of 1.06.

The Advisory Board (NASDAQ:ABCO) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.08). The business 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 firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. sell-side analysts predict that The Advisory Board Company will post 1.5 EPS for the current fiscal year.

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Several brokerages have weighed in on ABCO. Canaccord Genuity lowered shares of The Advisory Board from a “buy” rating to a “hold” rating and lowered their target price for the stock from $56.00 to $54.29 in a research report on Tuesday, August 29th. Wells Fargo & Company lowered shares of The Advisory Board from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $57.00 to $54.00 in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub lowered shares of The Advisory Board from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Robert W. Baird lowered shares of The Advisory Board from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $63.00 to $54.00 in a research report on Tuesday, August 29th. One 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 Advisory Board currently has a consensus rating of “Hold” and an average price target of $51.95.

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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