Advisory Board EVP Cormac F. Miller Sells 1,600 Shares (ABCO)
Advisory Board (NASDAQ:ABCO) EVP Cormac F. Miller sold 1,600 shares of the stock on the open market in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $64.55, for a total value of $103,280.00. Following the transaction, the executive vice president now directly owns 1,207 shares in the company, valued at approximately $77,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Advisory Board (NASDAQ:ABCO) traded down 0.14% on Thursday, hitting $64.20. 193,588 shares of the company’s stock traded hands. Advisory Board has a one year low of $44.20 and a one year high of $70.55. The stock’s 50-day moving average is $62.00 and its 200-day moving average is $61.6. The company has a market cap of $2.320 billion and a P/E ratio of 108.97.
Advisory Board (NASDAQ:ABCO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter 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.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Advisory Board from a “sell” rating to a “neutral” rating in a research note on Monday. Analysts at Zacks downgraded shares of Advisory Board from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 13th. They now have a $57.90 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $63.65.
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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