Brown Advisory Inc. Has $1.48 Million Position in Advisory Board (ABCO)

Brown Advisory Inc. lowered its holdings in Advisory Board (NASDAQ:ABCO) by 26.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,506 shares of the business services provider’s stock after selling 9,970 shares during the period. Brown Advisory Inc. owned about 0.07% of Advisory Board worth $1,475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Teachers Advisors LLC raised its stake in Advisory Board by 1.6% during 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 in the last quarter. Aperio Group LLC raised its stake in Advisory Board by 65.1% during the second quarter. Aperio Group LLC now owns 8,619 shares of the business services provider’s stock valued at $444,000 after buying an additional 3,398 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Advisory Board by 2.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 179,127 shares of the business services provider’s stock valued at $9,226,000 after buying an additional 4,719 shares in the last quarter. First Trust Advisors LP acquired a new stake in Advisory Board during the second quarter valued at approximately $915,000. Finally, Rice Hall James & Associates LLC raised its stake in Advisory Board by 26.4% during the second quarter. Rice Hall James & Associates LLC now owns 528,636 shares of the business services provider’s stock valued at $27,225,000 after buying an additional 110,391 shares in the last quarter. 95.50% of the stock is owned by hedge funds and other institutional investors.

Shares of Advisory Board (ABCO) opened at $53.83 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $2,190.00, a P/E ratio of 32.23, a PEG ratio of 2.40 and a beta of 1.34. Advisory Board has a 1 year low of $30.40 and a 1 year high of $59.50.

Several analysts have issued reports on ABCO shares. William Blair cut Advisory Board from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 29th. Robert W. Baird cut Advisory Board from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $63.00 to $54.00 in a research note on Tuesday, August 29th. Canaccord Genuity cut Advisory Board from a “buy” rating to a “hold” rating and dropped their price target for the stock from $56.00 to $54.29 in a research report on Tuesday, August 29th. Cantor Fitzgerald reiterated a “hold” rating and set a $54.00 price target (up from $45.00) on shares of Advisory Board in a research report on Tuesday, August 29th. Finally, Wells Fargo & Company cut Advisory Board from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $57.00 to $54.00 in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Advisory Board currently has an average rating of “Hold” and a consensus target price of $51.95.

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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 Advisory Board (NASDAQ:ABCO)

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