Rice Hall James & Associates LLC increased its stake in shares of The Advisory Board Company (NASDAQ:ABCO) by 26.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 528,636 shares of the business services provider’s stock after buying an additional 110,391 shares during the period. The Advisory Board makes up about 1.2% of Rice Hall James & Associates LLC’s portfolio, making the stock its 13th largest position. Rice Hall James & Associates LLC’s holdings in The Advisory Board were worth $27,225,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Victory Capital Management Inc. bought a new stake in shares of The Advisory Board during the first quarter valued at $109,000. Rockefeller Financial Services Inc. bought a new stake in shares of The Advisory Board during the second quarter valued at $137,000. Howard Hughes Medical Institute bought a new stake in shares of The Advisory Board during the first quarter valued at $158,000. Asset Management One Co. Ltd. bought a new stake in shares of The Advisory Board during the first quarter valued at $159,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of The Advisory Board during the first quarter valued at $166,000.

Shares of The Advisory Board Company (NASDAQ ABCO) opened at 50.70 on Friday. The firm has a market cap of $2.06 billion, a PE ratio of 19.26 and a beta of 1.33. The company’s 50-day moving average price is $54.51 and its 200 day moving average price is $49.64. The Advisory Board Company has a 1-year low of $24.85 and a 1-year high of $59.50.

The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.08. The company had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $196.16 million. The Advisory Board had a return on equity of 13.02% and a net margin of 13.65%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. On average, analysts predict that The Advisory Board Company will post $1.91 EPS for the current year.

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Several brokerages have recently weighed in on ABCO. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $56.00 price target (up previously from $53.00) on shares of The Advisory Board in a research note on Thursday. Piper Jaffray Companies set a $51.00 price target on The Advisory Board and gave the company a “hold” rating in a research note on Thursday. BidaskClub cut The Advisory Board from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Robert W. Baird reissued an “outperform” rating and issued a $65.00 price target (up previously from $57.00) on shares of The Advisory Board in a research note on Sunday, July 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price target (up previously from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $51.42.

The Advisory Board Company Profile

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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