Insider Selling: Cormac Miller Sells 4,000 Shares of Advisory Board Stock (ABCO)
Advisory Board (NASDAQ:ABCO) EVP Cormac Miller sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $67.81, for a total value of $271,240.00. Following the completion of the sale, the executive vice president now directly owns 1,207 shares of the company’s stock, valued at approximately $81,847. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Advisory Board (NASDAQ:ABCO) traded down 0.77% during mid-day trading on Wednesday, hitting $67.15. The stock had a trading volume of 35,887 shares. 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 $57.67 and a 200-day moving average of $53.22. The company has a market cap of $2.407 billion and a P/E ratio of 112.97.
Advisory Board (NASDAQ:ABCO) last released its 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.
ABCO has been the subject of a number of recent research reports. Analysts at Craig Hallum initiated coverage on shares of Advisory Board in a research note to investors on Monday, October 14th. They set a “buy” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Advisory Board currently has an average rating of “Buy” and an average 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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