CEB Inc. (CEB) Stock Price Down 2.9%
CEB Inc. (NYSE:CEB) traded down 2.9% on Wednesday . The stock traded as low as $62.45 and last traded at $62.90, with a volume of 238,469 shares traded. The stock had previously closed at $64.81.
A number of research firms have recently commented on CEB. Cantor Fitzgerald set a $70.00 target price on CEB and gave the company a “buy” rating in a research note on Wednesday. Barclays PLC restated a “neutral” rating and issued a $58.00 target price on shares of CEB in a research note on Sunday, April 17th. TheStreet upgraded CEB from a “hold” rating to a “buy” rating in a research note on Wednesday, April 13th. Zacks Investment Research upgraded CEB from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Finally, Mackie lowered their target price on CEB from C$0.30 to C$0.25 in a research note on Wednesday, May 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.98.
The stock has a market capitalization of $2.02 billion and a P/E ratio of 26.83. The company has a 50 day moving average of $63.01 and a 200 day moving average of $60.54.
CEB (NYSE:CEB) last posted its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $251.10 million for the quarter, compared to analysts’ expectations of $244.57 million. During the same quarter in the prior year, the company earned $1.19 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that CEB Inc. will post $4.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.4125 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.65 annualized dividend and a dividend yield of 2.63%.
In other news, insider Melody L. Jones sold 12,310 shares of the 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 completion of the sale, the insider now owns 28,615 shares in the company, valued at approximately $1,778,422.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey R. Tarr sold 7,250 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $62.07, for a total value of $450,007.50. Following the sale, the director now owns 38,339 shares of the company’s stock, valued at approximately $2,379,701.73. The disclosure for this sale can be found here.
Several hedge funds have modified their holdings of the stock. Liberty Mutual Group Asset Management Inc. raised its stake 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. Trexquant Investment LP increased its position in 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 during the last quarter. New York State Common Retirement Fund increased 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 valued at $2,738,000 after buying an additional 600 shares during the last quarter. Marshall Wace LLP purchased a new position in CEB during the fourth quarter valued at about $2,758,000. Finally, Rhumbline Advisers increased its position in CEB by 2.6% in the fourth quarter. Rhumbline Advisers now owns 61,844 shares of the company’s stock valued at $3,797,000 after buying an additional 1,570 shares during 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.
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