CEB Inc. (CEB) Sees Large Volume Increase
CEB Inc. (NYSE:CEB) saw unusually-high trading volume on Wednesday . Approximately 157,491 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 177,314 shares.The stock last traded at $65.97 and had previously closed at $65.00.
CEB has been the topic of a number of recent analyst reports. TheStreet downgraded shares of CEB from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Zacks Investment Research raised shares of CEB from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Friday, April 29th. Mackie dropped their price objective on shares of CEB from C$0.30 to C$0.25 in a research report on Wednesday, May 18th. Finally, Barclays PLC reissued a “neutral” rating and issued a $58.00 price objective on shares of CEB in a research report on Sunday, April 17th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $48.76.
The firm has a market capitalization of $2.09 billion and a PE ratio of 27.72. The firm has a 50 day moving average price of $63.09 and a 200 day moving average price of $60.32.
CEB (NYSE:CEB) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. During the same period last year, the firm earned $0.73 earnings per share. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $226.99 million. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that CEB Inc. will post $4.07 earnings per share 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 given a dividend of $0.4125 per share. The ex-dividend date was Monday, June 13th. This represents a $1.65 dividend on an annualized basis and a yield of 2.57%.
In other news, Director Jeffrey R. Tarr sold 7,250 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $62.07, for a total transaction of $450,007.50. Following the transaction, the director now directly owns 38,339 shares of the company’s stock, valued at $2,379,701.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Melody L. Jones sold 12,310 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 28,615 shares in the company, valued at $1,778,422.25. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently bought and sold shares of CEB. Liberty Mutual Group Asset Management Inc. boosted its position in CEB by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 21,605 shares of the company’s stock worth $1,325,000 after buying an additional 7,332 shares during the last quarter. Stevens Capital Management LP boosted its position in CEB by 258.2% in the fourth quarter. Stevens Capital Management LP now owns 23,518 shares of the company’s stock worth $1,444,000 after buying an additional 16,952 shares during the last quarter. Trexquant Investment LP boosted its position in CEB by 946.9% in the fourth quarter. Trexquant Investment LP now owns 41,877 shares of the company’s stock worth $2,571,000 after buying an additional 37,877 shares during the last quarter. New York State Common Retirement Fund boosted its position in CEB by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 44,596 shares of the company’s stock worth $2,738,000 after buying an additional 600 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in CEB during the fourth quarter worth approximately $2,758,000.
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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