The Advisory Board Company (NASDAQ:ABCO) – Equities researchers at KeyCorp decreased their FY2016 earnings per share (EPS) estimates for shares of The Advisory Board Company in a report released on Tuesday. KeyCorp analyst D. Hooker now anticipates that the brokerage will post earnings per share of $1.31 for the year, down from their previous estimate of $1.37. KeyCorp also issued estimates for The Advisory Board Company’s Q2 2017 earnings at $0.33 EPS and FY2017 earnings at $1.48 EPS.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of The Advisory Board Company from a “hold” rating to a “sell” rating in a research report on Tuesday, January 3rd. Cantor Fitzgerald restated a “hold” rating and issued a $37.00 target price on shares of The Advisory Board Company in a research report on Wednesday, January 4th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $49.00 target price (up previously from $45.00) on shares of The Advisory Board Company in a research report on Wednesday, September 28th. William Blair restated an “outperform” rating on shares of The Advisory Board Company in a research report on Tuesday, September 27th. Finally, Canaccord Genuity decreased their target price on shares of The Advisory Board Company from $45.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, January 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.56.

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The Advisory Board Company (NASDAQ:ABCO) opened at 41.75 on Thursday. The Advisory Board Company has a 12 month low of $18.87 and a 12 month high of $48.86. The company’s 50 day moving average price is $33.88 and its 200 day moving average price is $38.68. The firm’s market capitalization is $1.68 billion.

The Advisory Board Company (NASDAQ:ABCO) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.12. The Advisory Board Company had a positive return on equity of 11.28% and a negative net margin of 5.77%. The company had revenue of $200.50 million for the quarter, compared to analyst estimates of $203.35 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in ABCO. D.A. Davidson & CO. raised its position in shares of The Advisory Board Company by 23.9% in the third quarter. D.A. Davidson & CO. now owns 14,647 shares of the company’s stock valued at $653,000 after buying an additional 2,826 shares during the period. LPL Financial LLC acquired a new position in shares of The Advisory Board Company during the third quarter valued at approximately $247,000. Credit Suisse AG raised its position in shares of The Advisory Board Company by 1,301.6% in the third quarter. Credit Suisse AG now owns 518,132 shares of the company’s stock valued at $23,183,000 after buying an additional 481,164 shares during the period. Chartwell Investment Partners LLC acquired a new position in shares of The Advisory Board Company during the third quarter valued at approximately $3,917,000. Finally, Bell State Bank & Trust acquired a new position in shares of The Advisory Board Company during the third quarter valued at approximately $252,000.

COPYRIGHT VIOLATION WARNING: “Equities Analysts Set Expectations for The Advisory Board Company’s FY2016 Earnings (ABCO)” was posted by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this article can be read at http://www.dailypolitical.com/2017/01/14/equities-analysts-set-expectations-for-the-advisory-board-companys-fy2016-earnings-abco.html.

In other news, insider Hoose Mary Van sold 2,000 shares of the stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $33.49, for a total transaction of $66,980.00. Following the transaction, the insider now owns 37,386 shares in the company, valued at approximately $1,252,057.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert W. Musslewhite sold 5,500 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $35.76, for a total transaction of $196,680.00. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.

The Advisory Board Company Company Profile

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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