Capital Fund Management S.A. cut its stake in CEB Inc. (NYSE:CEB) by 52.6% during the second quarter, Holdings Channel reports. The institutional investor owned 33,793 shares of the company’s stock after selling 37,500 shares during the period. Capital Fund Management S.A.’s holdings in CEB were worth $2,084,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of CEB by 8.5% in the first quarter. BlackRock Inc. now owns 12,819 shares of the company’s stock valued at $829,000 after buying an additional 1,003 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of CEB by 18.7% in the first quarter. Envestnet Asset Management Inc. now owns 19,830 shares of the company’s stock valued at $1,284,000 after buying an additional 3,125 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of CEB during the second quarter valued at approximately $324,000. BlackRock Institutional Trust Company N.A. increased its position in shares of CEB by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 959,714 shares of the company’s stock valued at $62,122,000 after buying an additional 12,613 shares in the last quarter. Finally, Smith Asset Management Group LP bought a new position in shares of CEB during the second quarter valued at approximately $1,012,000. Institutional investors and hedge funds own 98.33% of the company’s stock.
CEB Inc. (NYSE:CEB) traded down 1.72% during mid-day trading on Thursday, reaching $53.07. The company had a trading volume of 225,847 shares. The company has a market capitalization of $1.71 billion, a PE ratio of 27.99 and a beta of 1.79. CEB Inc. has a 1-year low of $49.27 and a 1-year high of $78.21. The firm has a 50-day moving average of $56.69 and a 200 day moving average of $61.13.
CEB (NYSE:CEB) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.04. The business 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%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. On average, analysts predict that CEB Inc. will post $4.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.4125 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $1.65 annualized dividend and a dividend yield of 3.11%. CEB’s dividend payout ratio (DPR) is presently 87.77%.
A number of analysts have recently issued reports on CEB shares. Zacks Investment Research downgraded CEB from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Cantor Fitzgerald set a $70.00 price target on CEB and gave the company a “buy” rating in a research report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently 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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