CEB Inc. (CEB) Sees Strong Trading Volume
CEB Inc. (NYSE:CEB) saw an uptick in trading volume on Wednesday . 157,491 shares were traded 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.
A number of brokerages have commented on CEB. Barclays PLC reaffirmed a “neutral” rating and issued a $58.00 price target on shares of CEB in a research note on Sunday, April 17th. Zacks Investment Research raised CEB from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Mackie reduced their target price on CEB from C$0.30 to C$0.25 in a research note on Wednesday, May 18th. Finally, TheStreet raised CEB from a “hold” rating to a “buy” rating in a research note on Wednesday, April 13th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. CEB presently has a consensus rating of “Buy” and a consensus price target of $48.76.
The firm’s 50 day moving average is $63.10 and its 200-day moving average is $60.29. The stock has a market cap of $2.11 billion and a P/E ratio of 27.97.
CEB (NYSE:CEB) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $226.99 million. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. Equities research analysts predict that CEB Inc. will post $4.07 EPS for the current fiscal year.
The company 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 of this dividend was Monday, June 13th. This represents a $1.65 dividend on an annualized basis and a yield of 2.52%.
In other CEB news, insider Melody L. Jones sold 12,310 shares of CEB stock in a transaction dated 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 of the company’s stock, valued at approximately $1,778,422.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey R. Tarr sold 7,250 shares of CEB stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $62.07, for a total value of $450,007.50. Following the sale, the director now directly 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.
A number of hedge funds have recently modified their holdings of CEB. Van Berkom & Associates Inc. boosted its stake 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 worth $52,991,000 after buying an additional 154,952 shares in the last quarter. American Capital Management Inc. purchased a new stake in shares of CEB during the fourth quarter worth approximately $4,731,000. Principal Financial Group Inc. boosted its stake in shares of CEB by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 106,310 shares of the company’s stock worth $6,526,000 after buying an additional 1,696 shares in the last quarter. Morgan Stanley boosted its stake in shares of CEB by 34.5% in the fourth quarter. Morgan Stanley now owns 857,058 shares of the company’s stock worth $52,614,000 after buying an additional 219,931 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of CEB by 1.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 64,385 shares of the company’s stock worth $3,953,000 after buying an additional 854 shares in 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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