The Advisory Board Company (NASDAQ:ABCO)‘s stock had its “hold” rating reaffirmed by analysts at Robert W. Baird in a research note issued to investors on Friday. They presently have a $54.00 price target on the business services provider’s stock. Robert W. Baird’s target price suggests a potential upside of 1.12% from the stock’s current price.
Several other equities research analysts have also commented on ABCO. Piper Jaffray Companies set a $51.00 price objective on shares of The Advisory Board and gave the stock a “hold” rating in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $56.00 target price (up previously from $53.00) on shares of The Advisory Board in a research note on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of The Advisory Board in a research note on Friday, September 1st. Wells Fargo & Company downgraded shares of The Advisory Board from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $57.00 to $54.00 in a research note on Monday, October 2nd. Finally, BidaskClub downgraded shares of The Advisory Board from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The Advisory Board currently has an average rating of “Hold” and a consensus target price of $51.95.
The Advisory Board (NASDAQ ABCO) traded up $0.55 during trading hours on Friday, reaching $53.40. 4,990,200 shares of the company traded hands, compared to its average volume of 770,628. The Advisory Board 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 0.98, a current ratio of 1.07 and a quick ratio of 1.06. The company has a market capitalization of $2,176.53, a price-to-earnings ratio of 31.98, a P/E/G ratio of 2.38 and a beta of 1.34.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Financial Services Inc. purchased a new position in shares of The Advisory Board during the second quarter valued at approximately $137,000. Victory Capital Management Inc. raised its holdings in shares of The Advisory Board by 17.5% during the second quarter. Victory Capital Management Inc. now owns 2,749 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 410 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in shares of The Advisory Board during the second quarter valued at approximately $204,000. First Capital Advisors Group LLC. purchased a new position in shares of The Advisory Board during the second quarter valued at approximately $221,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of The Advisory Board during the second quarter valued at approximately $221,000. 99.05% of the stock is owned by hedge funds and other institutional investors.
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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