Bank of New York Mellon Corp increased its holdings in shares of The Advisory Board Company (NASDAQ:ABCO) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,710 shares of the business services provider’s stock after acquiring an additional 12,449 shares during the period. Bank of New York Mellon Corp owned about 0.67% of The Advisory Board worth $14,624,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ABCO. Janus Henderson Group PLC bought a new position in The Advisory Board in the 2nd quarter valued at $139,617,000. York Capital Management Global Advisors LLC bought a new position in The Advisory Board in the 2nd quarter valued at $12,192,000. Bank of Nova Scotia boosted its position in The Advisory Board by 1,366.6% in the 2nd quarter. Bank of Nova Scotia now owns 214,635 shares of the business services provider’s stock valued at $11,054,000 after buying an additional 200,000 shares during the last quarter. American Century Companies Inc. bought a new position in The Advisory Board in the 2nd quarter valued at $9,268,000. Finally, Neuberger Berman Group LLC boosted its position in The Advisory Board by 12.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,468,575 shares of the business services provider’s stock valued at $75,632,000 after buying an additional 162,150 shares during the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.
The Advisory Board Company (NASDAQ ABCO) opened at $53.83 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $2,190.00, a price-to-earnings ratio of 32.23, a PEG ratio of 2.40 and a beta of 1.34. The Advisory Board Company has a 12 month low of $30.40 and a 12 month high of $59.50.
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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.
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