Shares of Advisory Board (NASDAQ:ABCO) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $51.21.

ABCO has been the topic of a number of research reports. KeyCorp reiterated a “hold” rating on shares of Advisory Board in a research report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $54.00 price target on shares of Advisory Board in a research report on Wednesday, October 4th. Cantor Fitzgerald reissued a “hold” rating and issued a $54.00 price objective (up from $45.00) on shares of Advisory Board in a report on Tuesday, August 29th. William Blair lowered Advisory Board from an “outperform” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Wells Fargo & Company lowered Advisory Board from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $57.00 to $54.00 in a report on Monday, October 2nd.

Shares of Advisory Board (NASDAQ ABCO) traded up $0.05 during trading on Monday, hitting $53.83. The stock had a trading volume of 895,100 shares, compared to its average volume of 788,742. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $2,190.00, a PE ratio of 32.23, a price-to-earnings-growth ratio of 2.40 and a beta of 1.34. Advisory Board has a fifty-two week low of $30.40 and a fifty-two week high of $59.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc boosted its stake in Advisory Board by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 15,102 shares of the business services provider’s stock valued at $776,000 after purchasing an additional 49 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Advisory Board by 3.5% during the 2nd quarter. Amalgamated Bank now owns 5,198 shares of the business services provider’s stock worth $268,000 after acquiring an additional 178 shares in the last quarter. OxFORD Asset Management LLP boosted its stake in shares of Advisory Board by 0.4% during the 2nd quarter. OxFORD Asset Management LLP now owns 55,035 shares of the business services provider’s stock worth $2,834,000 after acquiring an additional 233 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Advisory Board by 1.9% during the 2nd quarter. Stifel Financial Corp now owns 12,726 shares of the business services provider’s stock worth $654,000 after acquiring an additional 241 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Advisory Board by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,749 shares of the business services provider’s stock worth $142,000 after acquiring an additional 410 shares in the last quarter. 95.50% of the stock is owned by hedge funds and other institutional investors.

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Advisory Board Company Profile

The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company offers subscription-based membership programs, software and data-enabled services. All of its programs are rooted in best practices and extends across four areas, including Best practices research, Technology, Data-enabled services and Consulting services.

Analyst Recommendations for Advisory Board (NASDAQ:ABCO)

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