Media coverage about The Advisory Board Company (NASDAQ:ABCO) has trended positive on Friday, AlphaOne reports. AlphaOne, a service of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Advisory Board Company earned a coverage optimism score of 0.44 on AlphaOne’s scale. AlphaOne also assigned headlines about the business services provider an impact score of 80 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the immediate future.
The Advisory Board Company (NASDAQ:ABCO) traded up 0.19% on Friday, reaching $51.50. The company had a trading volume of 287,741 shares. The firm has a market capitalization of $2.09 billion, a PE ratio of 20.87 and a beta of 1.30. The Advisory Board Company has a 12 month low of $24.85 and a 12 month high of $54.50. The stock has a 50 day moving average of $51.32 and a 200 day moving average of $44.50.
The Advisory Board Company (NASDAQ:ABCO) last announced its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The Advisory Board Company had a return on equity of 14.48% and a net margin of 12.78%. The firm had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $188.43 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The Advisory Board Company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts anticipate that The Advisory Board Company will post $1.97 EPS for the current year.
A number of brokerages recently commented on ABCO. TheStreet upgraded The Advisory Board Company from a “c” rating to a “b-” rating in a report on Wednesday, March 1st. Oppenheimer Holdings, Inc. set a $52.00 target price on The Advisory Board Company and gave the company a “buy” rating in a report on Wednesday, March 1st. Zacks Investment Research upgraded The Advisory Board Company from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, March 14th. SunTrust Banks, Inc. cut The Advisory Board Company from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a report on Friday, March 10th. Finally, Craig Hallum cut The Advisory Board Company from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The Advisory Board Company currently has an average rating of “Hold” and a consensus target price of $47.92.
In other news, insider Evan R. Farber sold 5,656 shares of the stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $48.00, for a total transaction of $271,488.00. Following the sale, the insider now directly owns 5,656 shares in the company, valued at approximately $271,488. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cormac F. Miller sold 750 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $46.70, for a total value of $35,025.00. Following the sale, the insider now owns 18,237 shares in the company, valued at $851,667.90. The disclosure for this sale can be found here. Insiders have sold 42,946 shares of company stock worth $2,027,677 in the last 90 days. 4.70% of the stock is currently owned by insiders.
The Advisory Board Company 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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