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The Advisory Board Company (NASDAQ:ABCO) President David L. Felsenthal unloaded 4,272 shares of The Advisory Board Company stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $48.47, for a total transaction of $207,063.84. Following the completion of the transaction, the president now directly owns 32,585 shares of the company’s stock, valued at approximately $1,579,395. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ABCO has been the subject of a number of recent research reports. 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 issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.14.

Shares of The Advisory Board Company (NASDAQ:ABCO) traded down 0.43% during mid-day trading on Thursday, hitting $48.18. The stock had a trading volume of 169,697 shares. 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 $49.84 and its 200-day moving average is $55.33. The company has a market cap of $1.749 billion and a price-to-earnings ratio of 100.19.

The Advisory Board Company (NASDAQ:ABCO) last announced its earnings results on Thursday, July 31st. The company reported $0.30 earnings per share for the quarter, beating the analysts’ 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 last 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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