16,280 Shares in The Advisory Board Company (ABCO) Acquired by Marshall Wace North America L.P.

Marshall Wace North America L.P. acquired a new position in The Advisory Board Company (NASDAQ:ABCO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,280 shares of the business services provider’s stock, valued at approximately $847,000.

A number of other hedge funds have also recently bought and sold shares of ABCO. Victory Capital Management Inc. acquired a new stake in The Advisory Board in the 1st quarter worth about $109,000. Rockefeller Financial Services Inc. acquired a new stake in The Advisory Board in the 2nd quarter worth about $137,000. Asset Management One Co. Ltd. acquired a new stake in The Advisory Board in the 1st quarter worth about $159,000. Ameritas Investment Partners Inc. acquired a new stake in The Advisory Board in the 1st quarter worth about $166,000. Finally, Eqis Capital Management Inc. acquired a new stake in The Advisory Board in the 2nd quarter worth about $204,000.

ABCO has been the topic of several research analyst reports. Zacks Investment Research cut The Advisory Board from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price objective (up from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $54.00 price objective (up from $45.00) on shares of The Advisory Board in a report on Tuesday, August 29th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $56.00 price objective (up from $53.00) on shares of The Advisory Board in a report on Thursday, August 10th. Finally, BidaskClub cut The Advisory Board from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $51.77.

The Advisory Board Company (NASDAQ:ABCO) opened at 53.35 on Monday. The stock’s 50 day moving average price is $53.32 and its 200 day moving average price is $50.51. The Advisory Board Company has a one year low of $24.85 and a one year high of $59.50. The firm 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.08. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The firm had revenue of $200.30 million for the quarter, compared to analyst estimates of $196.16 million. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that The Advisory Board Company will post $1.90 EPS for the current year.

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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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