Advisory Board EVP Cormac Miller Sells 1,600 Shares (ABCO)
Advisory Board (NASDAQ:ABCO) EVP Cormac Miller sold 1,600 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $67.12, for a total value of $107,392.00. Following the completion of the sale, the executive vice president now directly owns 1,207 shares of the company’s stock, valued at approximately $81,014. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $64.00.
Advisory Board (NASDAQ:ABCO) traded down 0.20% on Friday, hitting $69.17. The stock had a trading volume of 69,503 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 $2.479 billion and a P/E ratio of 115.71.
Advisory Board (NASDAQ:ABCO) last announced its earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.31 earnings per share. Advisory Board’s revenue was up 18.3% compared to the same quarter last year. Analysts expect that Advisory Board will post $1.25 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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