Shares of The Advisory Board Company (NASDAQ:ABCO) have earned an average rating of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $51.21.

Several brokerages have commented on ABCO. Wells Fargo & Co lowered shares of The Advisory Board from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $57.00 to $54.00 in a research note on Monday, October 2nd. Cantor Fitzgerald restated a “hold” rating on shares of The Advisory Board in a research note on Friday, November 17th. Finally, Robert W. Baird restated a “hold” rating and issued a $54.00 price target on shares of The Advisory Board in a research note on Wednesday, October 4th.

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of The 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 valued at $142,000 after buying an additional 410 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of The Advisory Board during the 2nd quarter valued at $221,000. Prudential Financial Inc. acquired a new stake in shares of The Advisory Board during the 2nd quarter valued at $225,000. Zions Bancorporation acquired a new stake in shares of The Advisory Board during the 3rd quarter valued at $257,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of The Advisory Board during the 3rd quarter valued at $259,000. 95.50% of the stock is owned by hedge funds and other institutional investors.

Shares of The Advisory Board (NASDAQ ABCO) opened at $53.83 on Friday. The Advisory Board has a 12 month low of $30.40 and a 12 month high of $59.50. The company has a market cap of $2,190.00, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 2.40 and a beta of 1.34. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.98.

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The 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 The Advisory Board (NASDAQ:ABCO)

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