Cormac F. Miller Sells 8,160 Shares of The Advisory Board Company (ABCO) Stock

The Advisory Board Company (NASDAQ:ABCO) insider Cormac F. Miller sold 8,160 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $44.83, for a total value of $365,812.80. Following the completion of the sale, the insider now owns 25,647 shares in the company, valued at approximately $1,149,755.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

The Advisory Board Company (NASDAQ:ABCO) traded up 1.35% during trading on Monday, hitting $45.20. The stock had a trading volume of 679,192 shares. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 20.00 and a beta of 1.15. The firm has a 50 day moving average of $45.96 and a 200-day moving average of $40.59. The Advisory Board Company has a 12 month low of $24.85 and a 12 month high of $51.22.

The Advisory Board Company (NASDAQ:ABCO) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.48. The Advisory Board Company had a negative net margin of 5.77% and a positive return on equity of 11.28%. The firm earned $203.90 million during the quarter, compared to the consensus estimate of $205.15 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Equities analysts predict that The Advisory Board Company will post $1.92 earnings per share for the current year.

Insider Buying and Selling by Quarter for The Advisory Board Company (NASDAQ:ABCO)

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ABCO has been the topic of several recent research reports. Canaccord Genuity restated a “buy” rating and issued a $36.00 price target on shares of The Advisory Board Company in a research note on Friday, January 13th. Robert W. Baird restated a “hold” rating on shares of The Advisory Board Company in a research note on Monday, February 6th. Zacks Investment Research downgraded The Advisory Board Company from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Barclays PLC set a $56.00 target price on The Advisory Board Company and gave the company a “buy” rating in a research note on Tuesday, February 14th. Finally, JPMorgan Chase & Co. downgraded The Advisory Board Company from an “overweight” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research note on Friday, February 17th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The Advisory Board Company has an average rating of “Hold” and a consensus price target of $45.54.

Several hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of The Advisory Board Company during the fourth quarter worth approximately $12,464,000. Two Sigma Investments LP increased its position in shares of The Advisory Board Company by 938.7% in the fourth quarter. Two Sigma Investments LP now owns 76,882 shares of the company’s stock worth $2,556,000 after buying an additional 69,480 shares during the period. Janus Capital Management LLC increased its position in shares of The Advisory Board Company by 15.6% in the fourth quarter. Janus Capital Management LLC now owns 2,472,007 shares of the company’s stock worth $82,201,000 after buying an additional 332,792 shares during the period. A.R.T. Advisors LLC increased its position in shares of The Advisory Board Company by 257.8% in the fourth quarter. A.R.T. Advisors LLC now owns 36,500 shares of the company’s stock worth $1,213,000 after buying an additional 26,300 shares during the period. Finally, Atlanta Capital Management Co. L L C increased its position in shares of The Advisory Board Company by 4.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 399,079 shares of the company’s stock worth $13,269,000 after buying an additional 16,171 shares during the period.

The Advisory Board Company Company Profile

The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company’s healthcare programs address a range of clinical and business issues, including physician alignment and engagement, network management and growth strategy, value-based care and population health, revenue cycle, clinical operations and supply chain.

5 Day Chart for NASDAQ:ABCO

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