Insider Selling: Advisory Board EVP Sells 1,600 Shares of Stock (ABCO)
Advisory Board (NASDAQ:ABCO) EVP Cormac F. Miller unloaded 1,600 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $59.05, for a total transaction of $94,480.00. Following the transaction, the executive vice president now directly owns 1,207 shares of the company’s stock, valued at approximately $71,273. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Advisory Board (NASDAQ:ABCO) traded up 0.35% on Thursday, hitting $60.14. The stock had a trading volume of 31,885 shares. Advisory Board has a 52-week low of $44.20 and a 52-week high of $70.55. The stock’s 50-day moving average is $61.6 and its 200-day moving average is $61.34. The company has a market cap of $2.169 billion and a P/E ratio of 101.58.
Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.03. The company had revenue of $131.00 million for the quarter, compared to the consensus estimate of $132.58 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts expect that Advisory Board will post $1.18 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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