CEB Inc. (CEB) Sees Large Volume Increase
CEB Inc. (NYSE:CEB) shares saw an uptick in trading volume on Friday . 149,348 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 186,080 shares.The stock last traded at $63.28 and had previously closed at $61.69.
A number of research firms recently commented on CEB. Zacks Investment Research downgraded CEB from a “hold” rating to a “sell” rating in a report on Thursday, March 10th. Barclays PLC restated a “neutral” rating and issued a $58.00 price objective on shares of CEB in a report on Sunday, April 17th. Mackie decreased their target price on CEB from C$0.30 to C$0.25 in a research report on Wednesday, May 18th. Finally, TheStreet raised CEB from a “hold” rating to a “buy” rating in a research report on Wednesday, April 13th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $48.76.
The firm has a market capitalization of $2.04 billion and a P/E ratio of 26.99. The firm’s 50 day moving average is $62.30 and its 200-day moving average is $60.04.
CEB (NYSE:CEB) last released its quarterly earnings data on Monday, April 25th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. During the same quarter last year, the firm earned $0.73 EPS. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $226.99 million. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts anticipate that CEB Inc. will post $4.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, June 13th.
In other news, insider Melody L. Jones sold 12,310 shares of CEB stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $62.15, for a total transaction of $765,066.50. Following the completion of the transaction, the insider now directly owns 28,615 shares in the company, valued at approximately $1,778,422.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey R. Tarr sold 7,250 shares of CEB stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $62.07, for a total value of $450,007.50. Following the transaction, the director now owns 38,339 shares of the company’s stock, valued at $2,379,701.73. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have modified their holdings of the company. Liberty Mutual Group Asset Management Inc. increased its position in shares of CEB by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 21,605 shares of the company’s stock valued at $1,325,000 after buying an additional 7,332 shares in the last quarter. Stevens Capital Management LP increased its position in shares of CEB by 258.2% in the fourth quarter. Stevens Capital Management LP now owns 23,518 shares of the company’s stock valued at $1,444,000 after buying an additional 16,952 shares in the last quarter. Numeric Investors LLC increased its position in shares of CEB by 58.6% in the fourth quarter. Numeric Investors LLC now owns 41,700 shares of the company’s stock valued at $2,560,000 after buying an additional 15,400 shares in the last quarter. Trexquant Investment LP increased its position in shares of CEB by 946.9% in the fourth quarter. Trexquant Investment LP now owns 41,877 shares of the company’s stock valued at $2,571,000 after buying an additional 37,877 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of CEB by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 44,596 shares of the company’s stock valued at $2,738,000 after buying an additional 600 shares in the last quarter.
CEB Inc, formerly The Corporate Executive Board Company, is a member-based advisory company. The Company operates through two segments: SHL Talent Measurement and CEB. Its SHL Talent Measurement provides cloud-based solutions for talent assessment and talent mobility, and decision support, as well as professional services to support those solutions.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.