State Board of Administration of Florida Retirement System cut its position in CEB Inc. (NYSE:CEB) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,201 shares of the company’s stock after selling 157 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.05% of CEB worth $999,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CEB. Norges Bank purchased a new position in CEB during the fourth quarter worth about $19,128,000. Teachers Advisors Inc. boosted its stake in CEB by 13.8% in the first quarter. Teachers Advisors Inc. now owns 61,128 shares of the company’s stock worth $3,957,000 after buying an additional 7,406 shares in the last quarter. BlackRock Inc. boosted its stake in CEB by 8.5% in the first quarter. BlackRock Inc. now owns 12,819 shares of the company’s stock worth $829,000 after buying an additional 1,003 shares in the last quarter. BlackRock Group LTD boosted its stake in CEB by 28.5% in the first quarter. BlackRock Group LTD now owns 23,029 shares of the company’s stock worth $1,491,000 after buying an additional 5,103 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in CEB by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 959,714 shares of the company’s stock worth $62,122,000 after buying an additional 12,613 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.
CEB Inc. (NYSE:CEB) traded down 0.86% during midday trading on Friday, hitting $54.07. The company had a trading volume of 162,905 shares. CEB Inc. has a 52 week low of $49.27 and a 52 week high of $78.21. The stock has a market capitalization of $1.74 billion, a PE ratio of 28.52 and a beta of 1.72. The stock has a 50 day moving average price of $58.44 and a 200-day moving average price of $61.53.
CEB (NYSE:CEB) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.04. The company earned $251.10 million during the quarter, compared to analysts’ expectations of $244.57 million. CEB had a return on equity of 3,169.99% and a net margin of 6.65%. CEB’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS. On average, equities analysts predict that CEB Inc. will post $4.02 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, September 13th. CEB’s dividend payout ratio (DPR) is presently 87.77%.
A number of equities research analysts have recently commented on the company. Cantor Fitzgerald set a $70.00 target price on CEB and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research cut CEB from a “hold” rating to a “strong sell” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. CEB currently has a consensus rating of “Buy” and a consensus price target of $46.98.
CEB Company Profile
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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