Insider Selling: Cormac Miller Unloads 1,600 Shares of Advisory Board Stock (ABCO)
Advisory Board (NASDAQ:ABCO) EVP Cormac Miller sold 1,600 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.62, for a total transaction of $100,192.00. Following the sale, the executive vice president now directly owns 1,207 shares of the company’s stock, valued at approximately $75,582. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
ABCO has been the subject of a number of recent research reports. Analysts at Raymond James downgraded shares of Advisory Board from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, November 6th. They now have a $66.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Stifel Nicolaus raised their price target on shares of Advisory Board from $68.00 to $75.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Advisory Board presently has an average rating of “Buy” and a consensus target price of $65.17.
Advisory Board (NASDAQ:ABCO) traded down 0.11% on Friday, hitting $60.98. The stock had a trading volume of 35,741 shares. Advisory Board has a 1-year low of $44.20 and a 1-year high of $70.55. The stock’s 50-day moving average is $62.3 and its 200-day moving average is $60.06. The company has a market cap of $2.198 billion and a price-to-earnings ratio of 93.92.
Advisory Board (NASDAQ:ABCO) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.02. The company had revenue of $128.30 million for the quarter, compared to the consensus estimate of $127.96 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 15.8% on a year-over-year basis.
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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