FNY Partners Fund LP Takes Position in The Advisory Board Company (ABCO)

FNY Partners Fund LP acquired a new position in shares of The Advisory Board Company (NASDAQ:ABCO) during the first quarter, according to its most recent filing with the SEC. The firm acquired 25,035 shares of the business services provider’s stock, valued at approximately $1,171,000. FNY Partners Fund LP owned approximately 0.06% of The Advisory Board Company as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of The Advisory Board Company by 72,455.6% in the first quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock worth $119,119,000 after buying an additional 2,541,744 shares during the period. Elliott Management Corp acquired a new position in shares of The Advisory Board Company during the first quarter worth $95,047,000. Neuberger Berman Group LLC boosted its position in shares of The Advisory Board Company by 20,493.1% in the first quarter. Neuberger Berman Group LLC now owns 1,306,425 shares of the business services provider’s stock worth $61,141,000 after buying an additional 1,300,081 shares during the period. Janus Capital Management LLC boosted its position in shares of The Advisory Board Company by 35.4% in the first quarter. Janus Capital Management LLC now owns 3,346,695 shares of the business services provider’s stock worth $156,622,000 after buying an additional 874,688 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in shares of The Advisory Board Company during the first quarter worth $24,907,000.

Institutional Ownership by Quarter for The Advisory Board Company (NASDAQ:ABCO)

The Advisory Board Company (NASDAQ ABCO) traded down 0.49% during mid-day trading on Thursday, reaching $51.05. 692,137 shares of the company traded hands. The firm’s 50-day moving average is $51.35 and its 200 day moving average is $44.91. The Advisory Board Company has a 52-week low of $24.85 and a 52-week high of $54.50. The stock has a market capitalization of $2.07 billion, a PE ratio of 20.68 and a beta of 1.30.

The Advisory Board Company (NASDAQ:ABCO) last announced its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The Advisory Board Company had a return on equity of 14.48% and a net margin of 12.78%. The firm had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $188.43 million. During the same period last year, the business posted $0.44 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts expect that The Advisory Board Company will post $1.97 earnings per share for the current year.

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A number of research analysts recently weighed in on ABCO shares. Zacks Investment Research cut shares of The Advisory Board Company from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Robert W. Baird upgraded shares of The Advisory Board Company from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $53.00 in a research note on Monday, March 27th. TheStreet downgraded shares of The Advisory Board Company from a “b-” rating to a “c” rating in a research note on Friday, May 5th. Credit Suisse Group lifted their price target on shares of The Advisory Board Company from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, SunTrust Banks, Inc. downgraded shares of The Advisory Board Company from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a research note on Friday, March 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.92.

In other The Advisory Board Company news, insider Evan R. Farber sold 5,656 shares of the firm’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $48.00, for a total value of $271,488.00. Following the sale, the insider now directly owns 5,656 shares in the company, valued at $271,488. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Musslewhite sold 11,000 shares of the firm’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $47.48, for a total value of $522,280.00. Following the completion of the sale, the chief executive officer now owns 262,587 shares in the company, valued at $12,467,630.76. The disclosure for this sale can be found here. Insiders have sold 42,946 shares of company stock worth $2,027,677 over the last 90 days. 4.70% of the stock is currently owned by company insiders.

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 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.

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