BidaskClub Downgrades The Advisory Board Company (NASDAQ:ABCO) to Sell

The Advisory Board Company (NASDAQ:ABCO) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday, August 5th.

Several other research firms have also recently weighed in on ABCO. Robert W. Baird restated an “outperform” rating and set a $65.00 target price (up previously from $57.00) on shares of The Advisory Board in a research note on Sunday, July 9th. Zacks Investment Research cut The Advisory Board from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and set a $53.00 target price (up previously from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. Credit Suisse Group boosted their target price on The Advisory Board from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Finally, TheStreet cut The Advisory Board from a “b-” rating to a “c” rating in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.42.

Shares of The Advisory Board (ABCO) traded up 1.08% during trading on Friday, reaching $51.60. 392,722 shares of the company’s stock were exchanged. The Advisory Board has a 12-month low of $24.85 and a 12-month high of $59.50. The stock has a 50-day moving average price of $54.58 and a 200 day moving average price of $49.96. The company has a market capitalization of $2.10 billion, a P/E ratio of 19.60 and a beta of 1.33.

The Advisory Board (NASDAQ:ABCO) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.08. The business had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $196.16 million. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The Advisory Board’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Equities analysts expect that The Advisory Board will post $1.89 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new position in The Advisory Board during the first quarter valued at approximately $498,000. First Eagle Investment Management LLC bought a new position in The Advisory Board during the first quarter worth about $24,907,000. Karp Capital Management Corp bought a new position in The Advisory Board during the first quarter worth about $244,000. UBS Asset Management Americas Inc. raised its position in The Advisory Board by 132.2% in the first quarter. UBS Asset Management Americas Inc. now owns 21,361 shares of the business services provider’s stock worth $1,000,000 after buying an additional 12,162 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in The Advisory Board during the first quarter worth about $9,828,000.

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.

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