Eqis Capital Management Inc. Acquires Shares of 3,960 The Advisory Board Company (NASDAQ:ABCO)

Eqis Capital Management Inc. bought a new stake in shares of The Advisory Board Company (NASDAQ:ABCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,960 shares of the business services provider’s stock, valued at approximately $204,000.

Several other large investors also recently made changes to their positions in ABCO. Atria Investments LLC increased its stake in shares of The Advisory Board by 1.9% in the second quarter. Atria Investments LLC now owns 6,158 shares of the business services provider’s stock valued at $317,000 after buying an additional 113 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of The Advisory Board by 1.6% in the first quarter. Teachers Advisors LLC now owns 73,337 shares of the business services provider’s stock valued at $3,432,000 after buying an additional 1,145 shares during the last quarter. Denver Investment Advisors LLC increased its stake in shares of The Advisory Board by 0.5% in the first quarter. Denver Investment Advisors LLC now owns 259,610 shares of the business services provider’s stock valued at $12,150,000 after buying an additional 1,225 shares during the last quarter. American International Group Inc. increased its stake in The Advisory Board by 5.4% in the first quarter. American International Group Inc. now owns 24,841 shares of the business services provider’s stock valued at $1,163,000 after buying an additional 1,281 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in The Advisory Board during the first quarter valued at about $109,000.

Shares of The Advisory Board Company (ABCO) opened at 51.60 on Friday. The company’s 50-day moving average price is $54.58 and its 200-day moving average price is $49.96. The firm has a market capitalization of $2.10 billion, a PE ratio of 19.60 and a beta of 1.33. The Advisory Board Company has a 12-month low of $24.85 and a 12-month high of $59.50.

The Advisory Board (NASDAQ:ABCO) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.32 by $0.08. The Advisory Board had a net margin of 13.65% and a return on equity of 12.69%. The firm had revenue of $200.30 million for the quarter, compared to analyst estimates of $196.16 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts anticipate that The Advisory Board Company will post $1.89 EPS for the current year.

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A number of research analysts recently issued reports on ABCO shares. Robert W. Baird restated an “outperform” rating and set a $65.00 price objective (up previously from $57.00) on shares of The Advisory Board in a research report on Sunday, July 9th. Zacks Investment Research lowered The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub lowered The Advisory Board from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Stifel Nicolaus restated a “hold” rating and issued a $53.00 price objective (up previously from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Finally, Credit Suisse Group upped their price objective on The Advisory Board from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $51.42.

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.

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

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