Teachers Advisors LLC boosted its stake in shares of The Advisory Board Company (NASDAQ:ABCO) by 1.6% during the first quarter, Holdings Channel reports. The institutional investor owned 73,337 shares of the business services provider’s stock after buying an additional 1,145 shares during the period. Teachers Advisors LLC’s holdings in The Advisory Board were worth $3,432,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ABCO. Denver Investment Advisors LLC increased its stake in shares of The Advisory Board by 0.5% in the first quarter. Denver Investment Advisors LLC now owns 259,610 shares of the business services provider’s stock valued at $12,150,000 after buying an additional 1,225 shares during the last quarter. American International Group Inc. increased its stake in shares of The Advisory Board by 5.4% in the first quarter. American International Group Inc. now owns 24,841 shares of the business services provider’s stock valued at $1,163,000 after buying an additional 1,281 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of The Advisory Board during the first quarter valued at approximately $109,000. Howard Hughes Medical Institute bought a new stake in shares of The Advisory Board during the first quarter valued at approximately $158,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of The Advisory Board during the first quarter valued at approximately $159,000.

The Advisory Board Company (ABCO) traded up 0.99% during midday trading on Friday, reaching $51.20. The company’s stock had a trading volume of 93,222 shares. The stock has a 50 day moving average of $54.51 and a 200 day moving average of $49.64. The Advisory Board Company has a 52 week low of $24.85 and a 52 week high of $59.50. The firm has a market capitalization of $2.08 billion, a PE ratio of 19.45 and a beta of 1.33.

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

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Several equities research analysts recently commented on ABCO shares. Zacks Investment Research downgraded The Advisory Board from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Credit Suisse Group raised their target price on The Advisory Board from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 5th. TheStreet downgraded The Advisory Board from a “b-” rating to a “c” rating in a report on Friday, May 5th. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 target price (up from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $65.00 target price (up from $57.00) on shares of The Advisory Board in a report on Sunday, July 9th. 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 Advisory Board has an average rating of “Hold” and an average 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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