The Advisory Board Co. (NASDAQ:ABCO) has been given an average recommendation of “Buy” by the eighteen analysts that are currently covering the firm. Five equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $45.00.

ABCO has been the topic of a number of research analyst reports. Canaccord Genuity restated a “buy” rating on shares of The Advisory Board in a report on Sunday, May 29th. Credit Suisse Group AG initiated coverage on shares of The Advisory Board in a report on Monday, June 20th. They issued an “outperform” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded shares of The Advisory Board from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, July 6th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $45.00 price target (up from $40.00) on shares of The Advisory Board in a report on Friday, July 15th. Finally, Raymond James Financial Inc. cut shares of The Advisory Board from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 19th.

The Advisory Board (NASDAQ:ABCO) opened at 44.31 on Monday. The Advisory Board has a one year low of $18.87 and a one year high of $54.84. The stock’s market capitalization is $1.78 billion. The firm has a 50-day moving average of $42.25 and a 200 day moving average of $35.74.

The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.13. The firm had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $196.49 million. The Advisory Board had a negative net margin of 10.21% and a positive return on equity of 11.59%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. On average, equities research analysts anticipate that The Advisory Board will post $1.86 earnings per share for the current fiscal year.

In other news, insider Evan R. Farber sold 2,924 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $40.95, for a total value of $119,737.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Musslewhite sold 5,500 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $43.09, for a total transaction of $236,995.00. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in ABCO. Raymond James & Associates raised its position in shares of The Advisory Board by 0.4% in the second quarter. Raymond James & Associates now owns 7,067 shares of the company’s stock valued at $250,000 after buying an additional 28 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of The Advisory Board by 0.4% in the second quarter. BlackRock Advisors LLC now owns 19,655 shares of the company’s stock valued at $696,000 after buying an additional 73 shares during the last quarter. Rhumbline Advisers raised its position in shares of The Advisory Board by 0.6% in the second quarter. Rhumbline Advisers now owns 50,804 shares of the company’s stock valued at $1,798,000 after buying an additional 292 shares during the last quarter. BlackRock Inc. raised its position in shares of The Advisory Board by 16.2% in the second quarter. BlackRock Inc. now owns 3,263 shares of the company’s stock valued at $116,000 after buying an additional 455 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of The Advisory Board by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,856 shares of the company’s stock valued at $207,000 after buying an additional 708 shares during the last quarter.

About The Advisory Board

The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company’s healthcare programs address a range of clinical and business issues, including physician alignment and engagement, network management and growth strategy, value-based care and population health, revenue cycle, clinical operations and supply chain.

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