CEB Inc. (NYSE:CEB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “CEB Inc. is an advisory company. The Company’s operating segment consists of SHL Talent Measurement and CEB. SHL Talent Measurement provides cloud-based solutions. CEB segment provides technology tools on data analytics and analytical solutions. CEB Inc., formerly known as The Corporate Executive Board Company, is based in ARLINGTON, United States. “
Separately, Cantor Fitzgerald set a $70.00 target price on shares of CEB and gave the company a “buy” rating in a research report on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.98.
CEB (NYSE:CEB) traded up 0.04% on Tuesday, hitting $53.59. 213,264 shares of the stock traded hands. The company has a market capitalization of $1.73 billion, a PE ratio of 28.26 and a beta of 1.72. The firm has a 50-day moving average price of $58.18 and a 200-day moving average price of $61.49. CEB has a 12 month low of $49.27 and a 12 month high of $78.21.
CEB (NYSE:CEB) last posted its earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $251.10 million for the quarter, compared to the consensus estimate of $244.57 million. CEB had a net margin of 6.65% and a return on equity of 3,169.99%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. Analysts forecast that CEB will post $4.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Tuesday, September 13th. CEB’s dividend payout ratio is currently 87.77%.
Hedge funds have recently added to or reduced their stakes in the company. Janus Capital Management LLC boosted its stake in CEB by 1.6% in the second quarter. Janus Capital Management LLC now owns 1,937,815 shares of the company’s stock worth $119,524,000 after buying an additional 31,305 shares during the period. FMR LLC boosted its stake in CEB by 35.7% in the second quarter. FMR LLC now owns 1,763,913 shares of the company’s stock worth $108,798,000 after buying an additional 464,100 shares during the period. BlackRock Fund Advisors boosted its stake in CEB by 0.3% in the second quarter. BlackRock Fund Advisors now owns 1,634,743 shares of the company’s stock worth $100,831,000 after buying an additional 5,321 shares during the period. Burgundy Asset Management Ltd. boosted its stake in CEB by 10.4% in the first quarter. Burgundy Asset Management Ltd. now owns 1,110,470 shares of the company’s stock worth $71,881,000 after buying an additional 104,475 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in CEB by 1.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 976,868 shares of the company’s stock worth $60,253,000 after buying an additional 17,154 shares during the period. Institutional investors own 98.33% of the company’s stock.
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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