GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in The Advisory Board Company (NASDAQ:ABCO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,070 shares of the business services provider’s stock, valued at approximately $486,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABCO. Janus Henderson Group PLC acquired a new stake in shares of The Advisory Board in the 2nd quarter valued at about $139,617,000. BlackRock Inc. increased its position in shares of The Advisory Board by 72,455.6% in the first quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock valued at $119,119,000 after acquiring an additional 2,541,744 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of The Advisory Board by 343.5% in the first quarter. Goldman Sachs Group Inc. now owns 442,409 shares of the business services provider’s stock valued at $20,705,000 after acquiring an additional 342,650 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of The Advisory Board by 46.4% in the second quarter. First Eagle Investment Management LLC now owns 779,208 shares of the business services provider’s stock valued at $40,129,000 after acquiring an additional 247,000 shares during the last quarter. Finally, York Capital Management Global Advisors LLC acquired a new stake in shares of The Advisory Board in the second quarter valued at about $12,192,000. 99.05% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Canaccord Genuity downgraded The Advisory Board from a “buy” rating to a “hold” rating and lowered their target price for the company from $56.00 to $54.29 in a research report on Tuesday, August 29th. Wells Fargo & Company downgraded The Advisory Board from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $57.00 to $54.00 in a research report on Monday, October 2nd. Zacks Investment Research downgraded The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub downgraded The Advisory Board from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Robert W. Baird downgraded The Advisory Board from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $63.00 to $54.00 in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The Advisory Board currently has a consensus rating of “Hold” and an average target price of $51.95.

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Shares of The Advisory Board Company (ABCO) traded up $0.20 during trading hours on Tuesday, hitting $53.35. The stock had a trading volume of 175,181 shares, compared to its average volume of 705,877. The company has a market capitalization of $2,185.70, a PE ratio of 32.70, a PEG ratio of 2.39 and a beta of 1.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.95. The Advisory Board Company has a 12 month low of $30.40 and a 12 month high of $59.50.

The Advisory Board (NASDAQ:ABCO) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.24 EPS for the quarter, missing the consensus estimate 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 company had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $196.16 million. During the same period in the previous year, the firm posted $0.46 EPS. The Advisory Board’s revenue was up 1.0% compared to the same quarter last year. analysts forecast that The Advisory Board Company will post 1.5 earnings per share for the current year.

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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