Cambiar Investors LLC decreased its stake in shares of CEB Inc. (NYSE:CEB) by 6.3% during the second quarter, Holdings Channel reports. The firm owned 441,236 shares of the company’s stock after selling 29,709 shares during the period. Cambiar Investors LLC’s holdings in CEB were worth $27,215,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC boosted its position in CEB by 70.8% in the second quarter. LS Investment Advisors LLC now owns 1,978 shares of the company’s stock valued at $122,000 after buying an additional 820 shares in the last quarter. Capstone Asset Management Co. boosted its position in CEB by 12.2% in the second quarter. Capstone Asset Management Co. now owns 3,858 shares of the company’s stock valued at $238,000 after buying an additional 420 shares in the last quarter. Bank of Montreal Can purchased a new position in CEB during the second quarter valued at $299,000. Parametrica Management Ltd purchased a new position in CEB during the second quarter valued at $324,000. Finally, Adams Diversified Equity Fund Inc. purchased a new position in CEB during the second quarter valued at $352,000. 98.33% of the stock is currently owned by institutional investors.
Shares of CEB Inc. (NYSE:CEB) traded up 1.93% during trading on Friday, hitting $54.47. The stock had a trading volume of 266,489 shares. The firm’s 50-day moving average is $57.49 and its 200 day moving average is $61.34. CEB Inc. has a 52-week low of $49.27 and a 52-week high of $78.21. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 28.73 and a beta of 1.72.
CEB (NYSE:CEB) last issued its earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. CEB had a return on equity of 3,169.99% and a net margin of 6.65%. The firm had revenue of $251.10 million for the quarter, compared to the consensus estimate of $244.57 million. During the same quarter in the prior year, the business earned $1.19 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. On average, analysts expect that CEB Inc. will post $4.02 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.4125 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.03%. CEB’s payout ratio is 87.77%.
CEB has been the subject of several research analyst reports. Cantor Fitzgerald restated a “buy” rating on shares of CEB in a report on Friday, August 19th. Zacks Investment Research cut CEB from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $46.98.
CEB Inc, formerly The Corporate Executive Board Company, is a member-based advisory company. The Company operates through two segments: SHL Talent Measurement and CEB. Its SHL Talent Measurement provides cloud-based solutions for talent assessment and talent mobility, and decision support, as well as professional services to support those solutions.
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