Russell Investments Group Ltd. raised its stake in The Advisory Board Company (NASDAQ:ABCO) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,692 shares of the business services provider’s stock after buying an additional 9,458 shares during the period. Russell Investments Group Ltd.’s holdings in The Advisory Board were worth $16,669,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in The Advisory Board during the fourth quarter valued at $12,464,000. Teachers Advisors LLC increased its position in The Advisory Board by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 72,192 shares of the business services provider’s stock valued at $2,400,000 after buying an additional 3,219 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in The Advisory Board during the fourth quarter valued at $217,000. Nisa Investment Advisors LLC increased its position in The Advisory Board by 218.3% in the first quarter. Nisa Investment Advisors LLC now owns 23,870 shares of the business services provider’s stock valued at $1,117,000 after buying an additional 16,370 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in The Advisory Board by 3.5% in the first quarter. Rice Hall James & Associates LLC now owns 418,245 shares of the business services provider’s stock valued at $19,574,000 after buying an additional 13,969 shares in the last quarter.

The Advisory Board Company (NASDAQ:ABCO) traded down 1.73% during midday trading on Wednesday, hitting $51.15. 1,239,120 shares of the stock were exchanged. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 20.73 and a beta of 1.33. The Advisory Board Company has a 12-month low of $24.85 and a 12-month high of $59.50. The firm has a 50 day moving average of $54.47 and a 200-day moving average of $49.35.

The Advisory Board (NASDAQ:ABCO) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The company had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $196.16 million. The Advisory Board had a return on equity of 14.48% and a net margin of 12.78%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. On average, equities analysts expect that The Advisory Board Company will post $1.95 earnings per share for the current year.

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Several equities analysts have recently weighed in on ABCO shares. Zacks Investment Research downgraded shares of The Advisory Board from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Credit Suisse Group raised their price target on shares of The Advisory Board from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. TheStreet downgraded shares of The Advisory Board from a “b-” rating to a “c” rating in a research note on Friday, May 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 target price (up from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 target price (up from $57.00) on shares of The Advisory Board in a research note on Sunday, July 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $50.33.

About The Advisory Board

The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company offers subscription-based membership programs, software and data-enabled services. All of its programs are rooted in best practices and extends across four areas, including Best practices research, Technology, Data-enabled services and Consulting services.

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Institutional Ownership by Quarter for The Advisory Board (NASDAQ:ABCO)

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