Advisory Board EVP Sells $94,976 in Stock (ABCO)
Advisory Board (NASDAQ:ABCO) EVP Cormac Miller unloaded 1,600 shares of Advisory Board stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $59.36, for a total value of $94,976.00. Following the transaction, the executive vice president now directly owns 1,207 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ABCO shares. Analysts at Bank of America Corp. initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday. They set a “buy” rating and a $67.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Advisory Board (NASDAQ:ABCO) from $55.00 to $66.00 in a research note to investors on Wednesday, August 7th. Finally, analysts at Deutsche Bank raised their price target on shares of Advisory Board (NASDAQ:ABCO) from $48.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “hold” rating on the stock.
One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Advisory Board currently has an average rating of “Buy” and a consensus price target of $62.40.
Advisory Board (NASDAQ:ABCO) traded up 2.10% during mid-day trading on Friday, hitting $59.37. 126,985 shares of the company’s stock traded hands. Advisory Board has a 52-week low of $42.72 and a 52-week high of $60.43. The stock has a 50-day moving average of $57.6 and a 200-day moving average of $53.15. The company has a market cap of $2.128 billion and a price-to-earnings ratio of 97.08.
Advisory Board (NASDAQ:ABCO) last announced its earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $123.21 million for the quarter, compared to the consensus estimate of $121.88 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts expect that Advisory Board will post $1.26 EPS for the current fiscal year.
The Advisory Board Company provides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.
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