Robert W. Baird reaffirmed their hold rating on shares of The Advisory Board Company (NASDAQ:ABCO) in a research note issued to investors on Wednesday morning. The brokerage currently has a $54.00 target price on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on ABCO. Piper Jaffray Companies set a $51.00 target price on The Advisory Board and gave the stock a hold rating in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $56.00 target price (up previously from $53.00) on shares of The Advisory Board in a report on Thursday, August 10th. Wells Fargo & Company cut The Advisory Board from an outperform rating to a market perform rating and lowered their target price for the stock from $57.00 to $54.00 in a report on Monday, October 2nd. KeyCorp reaffirmed a hold rating on shares of The Advisory Board in a report on Friday, September 1st. Finally, BidaskClub cut The Advisory Board from a hold rating to a sell rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $51.95.

The Advisory Board (ABCO) opened at 53.90 on Wednesday. The Advisory Board has a one year low of $24.85 and a one year high of $59.50. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.47 and a beta of 1.33. The stock’s 50 day moving average price is $53.02 and its 200-day moving average price is $51.68.

The Advisory Board (NASDAQ:ABCO) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The firm had revenue of $200.30 million during the quarter, compared to analyst estimates of $196.16 million. During the same period in the previous year, the company earned $0.46 EPS. The Advisory Board’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts expect that The Advisory Board will post $1.90 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its position in shares of The Advisory Board by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 15,102 shares of the business services provider’s stock valued at $776,000 after purchasing an additional 49 shares in the last quarter. Atria Investments LLC boosted its position in shares of The Advisory Board by 1.9% during the 2nd quarter. Atria Investments LLC now owns 6,158 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 113 shares in the last quarter. Amalgamated Bank boosted its position in shares of The Advisory Board by 3.5% during the 2nd quarter. Amalgamated Bank now owns 5,198 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 178 shares in the last quarter. OxFORD Asset Management LLP boosted its position in shares of The Advisory Board by 0.4% during the 2nd quarter. OxFORD Asset Management LLP now owns 55,035 shares of the business services provider’s stock valued at $2,834,000 after purchasing an additional 233 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of The Advisory Board by 1.9% during the 2nd quarter. Stifel Financial Corp now owns 12,726 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 241 shares in the last quarter.

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.

Analyst Recommendations for The Advisory Board (NASDAQ:ABCO)

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