Advisory Board EVP Cormac Miller Unloads 1,600 Shares (ABCO)
Advisory Board (NASDAQ:ABCO) EVP Cormac Miller sold 1,600 shares of Advisory Board stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $59.54, for a total transaction of $95,264.00. Following the completion of the transaction, the executive vice president now directly owns 1,207 shares in the company, valued at approximately $71,865. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Advisory Board (NASDAQ:ABCO) traded up 0.17% on Thursday, hitting $58.28. 15,780 shares of the company’s stock traded hands. Advisory Board has a 1-year low of $42.72 and a 1-year high of $60.43. The stock has a 50-day moving average of $57.8 and a 200-day moving average of $53.65. The company has a market cap of $2.089 billion and a price-to-earnings ratio of 97.13.
Advisory Board (NASDAQ:ABCO) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. On average, analysts predict that Advisory Board will post $1.26 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Merrill Lynch initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday, September 13th. They set a “buy” rating on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday, September 13th. They set a “buy” rating and a $67.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.40.
The Advisory Board Company provides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.