Lincoln Capital Corp Invests $2.731 Million in The Advisory Board Company (ABCO)

Lincoln Capital Corp acquired a new position in shares of The Advisory Board Company (NASDAQ:ABCO) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 58,345 shares of the business services provider’s stock, valued at approximately $2,731,000. The Advisory Board Company accounts for about 2.4% of Lincoln Capital Corp’s portfolio, making the stock its 19th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in The Advisory Board Company during the first quarter worth about $109,000. Howard Hughes Medical Institute purchased a new position in The Advisory Board Company during the first quarter worth about $158,000. Ameritas Investment Partners Inc. purchased a new position in The Advisory Board Company during the first quarter worth about $166,000. Highbridge Capital Management LLC purchased a new position in The Advisory Board Company during the fourth quarter worth about $217,000. Finally, Capstone Investment Advisors LLC purchased a new position in The Advisory Board Company during the fourth quarter worth about $233,000.

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

The Advisory Board Company (NASDAQ:ABCO) traded up 0.10% during midday trading on Tuesday, reaching $51.00. 164,394 shares of the company traded hands. The company has a 50 day moving average price of $49.25 and a 200-day moving average price of $42.61. The Advisory Board Company has a one year low of $24.85 and a one year high of $54.50. The stock has a market capitalization of $2.07 billion, a P/E ratio of 20.66 and a beta of 1.15.

The Advisory Board Company (NASDAQ:ABCO) last posted its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The company had revenue of $194.50 million for the quarter, compared to the consensus estimate of $188.43 million. The Advisory Board Company had a negative net margin of 5.77% and a positive return on equity of 11.28%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. Analysts forecast that The Advisory Board Company will post $1.96 EPS for the current fiscal year.

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ABCO has been the topic of a number of analyst reports. TheStreet upgraded shares of The Advisory Board Company from a “c” rating to a “b-” rating in a research report on Wednesday, March 1st. Oppenheimer Holdings Inc. set a $52.00 price objective on shares of The Advisory Board Company and gave the company a “buy” rating in a research report on Wednesday, March 1st. Barclays PLC set a $56.00 price objective on shares of The Advisory Board Company and gave the company a “buy” rating in a research report on Tuesday, February 14th. Canaccord Genuity boosted their price objective on shares of The Advisory Board Company from $36.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Finally, Zacks Investment Research upgraded shares of The Advisory Board Company from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, March 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.92.

In other The Advisory Board Company news, insider Cormac F. Miller sold 750 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $47.37, for a total transaction of $35,527.50. Following the transaction, the insider now owns 21,360 shares of the company’s stock, valued at approximately $1,011,823.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cormac F. Miller sold 8,160 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $44.83, for a total transaction of $365,812.80. Following the transaction, the insider now directly owns 25,647 shares in the company, valued at approximately $1,149,755.01. The disclosure for this sale can be found here. Insiders sold a total of 83,856 shares of company stock worth $3,867,680 in the last ninety days. 2.90% of the stock is currently owned by insiders.

About The Advisory Board Company

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.

12 Month Chart for NASDAQ:ABCO

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