Paloma Partners Management Co Has $210,000 Position in The Advisory Board Company (NASDAQ:ABCO)

Paloma Partners Management Co cut its stake in shares of The Advisory Board Company (NASDAQ:ABCO) by 55.5% during the first quarter, Holdings Channel reports. The institutional investor owned 4,477 shares of the business services provider’s stock after selling 5,590 shares during the period. Paloma Partners Management Co’s holdings in The Advisory Board were worth $210,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new position in The Advisory Board during the first quarter valued at about $158,000. American International Group Inc. boosted its position 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. Teachers Advisors LLC boosted its position in The Advisory Board by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 72,192 shares of the business services provider’s stock valued at $2,400,000 after buying an additional 3,219 shares in the last quarter. Corsair Capital Management L.P. purchased a new position in The Advisory Board during the first quarter valued at about $2,783,000. Finally, Clearline Capital LP purchased a new position in The Advisory Board during the first quarter valued at about $2,276,000.

Shares of The Advisory Board Company (ABCO) opened at 57.20 on Tuesday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 23.18 and a beta of 1.31. The Advisory Board Company has a one year low of $24.85 and a one year high of $59.50. The company has a 50-day moving average of $53.34 and a 200 day moving average of $48.42.

The Advisory Board (NASDAQ:ABCO) last released its earnings results on Thursday, May 4th. The business services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The Advisory Board had a return on equity of 14.48% and a net margin of 12.78%. The company had revenue of $194.50 million during the quarter, compared to the consensus estimate of $188.43 million. During the same quarter last year, the company earned $0.44 earnings per share. The Advisory Board’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts forecast that The Advisory Board Company will post $1.97 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on ABCO shares. Zacks Investment Research cut shares of The Advisory Board from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Robert W. Baird upgraded shares of The Advisory Board from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $50.00 to $53.00 in a research note on Monday, March 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 target price (up from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. TheStreet cut shares of The Advisory Board from a “b-” rating to a “c” rating in a research note on Friday, May 5th. Finally, Credit Suisse Group boosted their target price on shares of The Advisory Board from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $49.31.

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

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