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The Advisory Board Company (NASDAQ:ABCO)’s share price dropped 1.8% during trading on Monday after an insider sold shares in the company, ARN reports. The company traded as low as $48.81 and last traded at $48.98, with a volume of 108,580 shares trading hands. The stock had previously closed at $49.89.

Specifically, President David L. Felsenthal unloaded 4,272 shares of The Advisory Board Company stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $49.86, for a total transaction of $213,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of The Advisory Board Company in a research note on Thursday, August 14th. They set a “market perform” rating and a $50.00 price target on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of The Advisory Board Company in a research note on Friday, August 1st. They now have a $55.00 price target on the stock, down previously from $57.00. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The Advisory Board Company presently has an average rating of “Buy” and a consensus target price of $67.14.

The stock has a 50-day moving average of $50.23 and a 200-day moving average of $55.93. The company has a market cap of $1.782 billion and a P/E ratio of 103.29.

The Advisory Board Company (NASDAQ:ABCO) last announced its earnings results on Thursday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $141.82 million for the quarter, compared to the consensus estimate of $141.95 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 15.1% on a year-over-year basis. Analysts expect that The Advisory Board Company will post $1.24 EPS for the current fiscal year.

The Advisory Board Companyprovides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.

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