Tower Research Capital LLC TRC raised its position in CEB Inc. (NYSE:CEB) by 2,422.7% during the second quarter, Holdings Channel reports. The fund owned 2,775 shares of the company’s stock after buying an additional 2,665 shares during the period. Tower Research Capital LLC TRC’s holdings in CEB were worth $171,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of CEB by 57,968.0% in the second quarter. BNP Paribas Arbitrage SA now owns 14,517 shares of the company’s stock worth $895,000 after buying an additional 14,492 shares during the last quarter. Royal Bank of Canada increased its position in CEB by 2.9% in the first quarter. Royal Bank of Canada now owns 239,988 shares of the company’s stock worth $15,535,000 after buying an additional 6,803 shares during the period. Skyline Asset Management LP purchased a new position in CEB during the first quarter worth about $15,665,000. Metropolitan Life Insurance Co. NY increased its position in CEB by 3.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 53,475 shares of the company’s stock worth $3,461,000 after buying an additional 1,931 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in CEB by 18.7% in the first quarter. Envestnet Asset Management Inc. now owns 19,830 shares of the company’s stock worth $1,284,000 after buying an additional 3,125 shares during the period. 98.33% of the stock is owned by institutional investors.
Shares of CEB Inc. (NYSE:CEB) opened at 53.93 on Wednesday. The company has a 50-day moving average price of $56.90 and a 200 day moving average price of $61.18. CEB Inc. has a 12-month low of $49.27 and a 12-month high of $78.21. The company has a market capitalization of $1.74 billion, a P/E ratio of 28.44 and a beta of 1.79.
CEB (NYSE:CEB) last issued its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.04. CEB had a return on equity of 3,169.99% and a net margin of 6.65%. The business earned $251.10 million during the quarter, compared to analysts’ expectations of $244.57 million. During the same period in the prior year, the business earned $1.19 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that CEB Inc. will post $4.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Tuesday, September 13th. CEB’s dividend payout ratio is 87.77%.
A number of equities analysts have issued reports on the company. Cantor Fitzgerald reiterated a “buy” rating on shares of CEB in a report on Friday, August 19th. Zacks Investment Research downgraded CEB from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average 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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