CEB Inc. (CEB) Sees Large Volume Increase
CEB Inc. (NYSE:CEB) saw strong trading volume on Friday . 149,348 shares traded hands during 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.
Several research analysts have recently commented on the company. Zacks Investment Research lowered CEB from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Mackie lowered their price target on CEB from C$0.30 to C$0.25 in a research report on Wednesday, May 18th. TheStreet lowered CEB from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Finally, Barclays PLC restated a “neutral” rating and set a $58.00 price target on shares of CEB in a research report on Sunday, April 17th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.76.
The stock’s 50-day moving average price is $62.45 and its 200-day moving average price is $60.07. The company has a market capitalization of $2.04 billion and a PE ratio of 26.99.
CEB (NYSE:CEB) last issued its quarterly earnings results 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. The business earned $2.22 billion during the quarter, compared to analyst estimates of $226.99 million. The company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. Equities research analysts anticipate that CEB Inc. will post $4.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $0.4125 dividend. The ex-dividend date was Monday, June 13th. This represents a $1.65 annualized dividend and a yield of 2.61%.
In other CEB news, Director Jeffrey R. Tarr sold 7,250 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 38,339 shares in the company, valued at approximately $2,379,701.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Melody L. Jones sold 12,310 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $62.15, for a total value of $765,066.50. Following the completion of the transaction, the insider now owns 28,615 shares of the company’s stock, valued at $1,778,422.25. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have modified their holdings of the company. Sei Investments Co. increased its position in shares of CEB by 43.8% in the fourth quarter. Sei Investments Co. now owns 89,318 shares of the company’s stock valued at $5,483,000 after buying an additional 27,223 shares during the period. Eagle Asset Management increased its position in shares of CEB by 98.4% in the third quarter. Eagle Asset Management now owns 347,684 shares of the company’s stock valued at $23,760,000 after buying an additional 172,450 shares during the period. Van Berkom & Associates Inc. increased its position in shares of CEB by 21.9% in the fourth quarter. Van Berkom & Associates Inc. now owns 863,188 shares of the company’s stock valued at $52,991,000 after buying an additional 154,952 shares during the period. Morgan Stanley increased its position in shares of CEB by 34.5% in the fourth quarter. Morgan Stanley now owns 857,058 shares of the company’s stock valued at $52,614,000 after buying an additional 219,931 shares during the period. Finally, Russell Frank Co increased its position in shares of CEB by 9.0% in the fourth quarter. Russell Frank Co now owns 178,976 shares of the company’s stock valued at $11,081,000 after buying an additional 14,827 shares during the period.
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.
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