New York State Teachers Retirement System lowered its stake in CEB Inc. (NYSE:CEB) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 61,380 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in CEB were worth $3,786,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LS Investment Advisors LLC boosted its stake in shares of CEB by 70.8% in the second quarter. LS Investment Advisors LLC now owns 1,978 shares of the company’s stock worth $122,000 after buying an additional 820 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of CEB by 12.2% in the second quarter. Capstone Asset Management Co. now owns 3,858 shares of the company’s stock worth $238,000 after buying an additional 420 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of CEB during the second quarter worth approximately $324,000. BB&T Securities LLC boosted its stake in shares of CEB by 1.4% in the first quarter. BB&T Securities LLC now owns 6,714 shares of the company’s stock worth $434,000 after buying an additional 95 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of CEB by 235.4% in the second quarter. Nordea Investment Management AB now owns 9,874 shares of the company’s stock worth $609,000 after buying an additional 6,930 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.
CEB Inc. (NYSE:CEB) traded down 1.71% during trading on Friday, reaching $52.16. 177,482 shares of the company were exchanged. The firm’s 50 day moving average price is $56.28 and its 200-day moving average price is $60.99. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 27.51 and a beta of 1.79. CEB Inc. has a one year low of $49.27 and a one year high of $78.21.
CEB (NYSE:CEB) last posted its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.04. CEB had a net margin of 6.65% and a return on equity of 3,169.99%. The firm earned $251.10 million during the quarter, compared to analyst estimates of $244.57 million. During the same quarter in the prior year, the business posted $1.19 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that CEB Inc. will post $4.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.4125 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $1.65 annualized dividend and a dividend yield of 3.16%. CEB’s payout ratio is 87.77%.
A number of analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “buy” rating on shares of CEB in a research note on Friday, August 19th. Zacks Investment Research cut shares of CEB from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CEB has an average rating of “Buy” and a consensus price target 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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