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The Advisory Board Company (NASDAQ:ABCO) EVP Cormac F. Miller sold 1,300 shares of The Advisory Board Company stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $49.80, for a total value of $64,740.00. Following the completion of the sale, the executive vice president now directly owns 7,576 shares of the company’s stock, valued at approximately $377,285. The sale was disclosed in a document filed with the SEC, 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $67.14.

Shares of The Advisory Board Company (NASDAQ:ABCO) traded up 2.08% during mid-day trading on Tuesday, hitting $50.12. 327,223 shares of the company’s stock traded hands. The Advisory Board Company has a 52 week low of $46.37 and a 52 week high of $70.55. The stock’s 50-day moving average is $50.20 and its 200-day moving average is $55.79. The company has a market cap of $1.819 billion and a price-to-earnings ratio of 101.66.

The Advisory Board Company (NASDAQ:ABCO) last announced its earnings results on Thursday, July 31st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts predict that The Advisory Board Company will post $1.24 earnings per share 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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