Insider Selling: Advisory Board EVP Sells 1,600 Shares of Stock (ABCO)
Advisory Board (NASDAQ:ABCO) EVP Cormac Miller sold 1,600 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $60.26, for a total transaction of $96,416.00. Following the completion of the transaction, the executive vice president now directly owns 1,207 shares in the company, valued at approximately $72,734. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Advisory Board (NASDAQ:ABCO) traded up 1.81% on Friday, hitting $62.88. The stock had a trading volume of 23,256 shares. Advisory Board has a 52-week low of $42.72 and a 52-week high of $61.91. The stock’s 50-day moving average is $58.73 and its 200-day moving average is $54.42. The company has a market cap of $2.254 billion and a price-to-earnings ratio of 103.11.
Advisory Board (NASDAQ:ABCO) last issued its quarterly earnings data 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. On average, analysts predict that Advisory Board will post $1.25 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ABCO shares. Analysts at Stephens initiated coverage on shares of Advisory Board in a research note to investors on Wednesday, October 2nd. They set an “overweight” rating on the stock. Separately, analysts at KeyCorp initiated coverage on shares of Advisory Board in a research note to investors on Monday, September 30th. They set a “buy” rating and a $72.00 price target on the stock. Finally, analysts at Merrill Lynch initiated coverage on shares of Advisory Board in a research note to investors on Friday, September 13th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $64.00.
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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