California State Teachers Retirement System Has $3.69 Million Position in The Advisory Board Company (ABCO)

California State Teachers Retirement System cut its stake in The Advisory Board Company (NASDAQ:ABCO) by 11.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,615 shares of the business services provider’s stock after selling 9,093 shares during the period. California State Teachers Retirement System owned approximately 0.18% of The Advisory Board worth $3,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in shares of The Advisory Board by 132.2% during the 1st 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. Principal Financial Group Inc. acquired a new stake in The Advisory Board in the 1st quarter valued at about $275,000. Teachers Advisors LLC lifted its stake in The Advisory Board by 1.6% in the 1st quarter. Teachers Advisors LLC now owns 73,337 shares of the business services provider’s stock valued at $3,432,000 after purchasing an additional 1,145 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in The Advisory Board by 41.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,510 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 3,084 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in The Advisory Board by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 3,146,324 shares of the business services provider’s stock valued at $147,247,000 after purchasing an additional 106,517 shares during the last quarter. 96.41% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. Robert W. Baird reissued a “hold” rating and issued a $54.00 price target on shares of The Advisory Board in a report on Friday, November 10th. Wells Fargo & Company cut shares of The Advisory Board from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $57.00 to $54.00 in a report on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of The Advisory Board in a report on Friday, September 1st. Cantor Fitzgerald reissued a “hold” rating and issued a $54.00 price objective (up from $45.00) on shares of The Advisory Board in a research note on Tuesday, August 29th. Finally, Canaccord Genuity cut shares of The Advisory Board from a “buy” rating to a “hold” rating and decreased their price objective for the company from $56.00 to $54.29 in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The Advisory Board currently has an average rating of “Hold” and a consensus target price of $51.95.

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The Advisory Board Company (NASDAQ ABCO) traded up $0.05 during trading hours on Wednesday, hitting $53.55. 2,792,700 shares of the stock traded hands, compared to its average volume of 785,672. 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 company has a market capitalization of $2,180.60, a P/E ratio of 32.04, a PEG ratio of 2.38 and a beta of 1.34. The Advisory Board Company has a one year low of $30.40 and a one year high of $59.50.

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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