Teacher Retirement System of Texas raised its position in CEB Inc. (NYSE:CEB) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,624 shares of the company’s stock after buying an additional 560 shares during the period. Teacher Retirement System of Texas’ holdings in CEB were worth $285,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC raised 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. raised its stake in CEB by 12.2% in the second quarter. Capstone Asset Management Co. now owns 3,858 shares of the company’s stock valued at $238,000 after buying an additional 420 shares during the period. Bank of Montreal Can purchased a new stake in CEB during the second quarter valued at about $299,000. Parametrica Management Ltd purchased a new stake in CEB during the second quarter valued at about $324,000. Finally, Adams Diversified Equity Fund Inc. purchased a new stake in CEB during the second quarter valued at about $352,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.
CEB Inc. (NYSE:CEB) opened at 53.11 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 28.01 and a beta of 1.79. CEB Inc. has a 12 month low of $49.27 and a 12 month high of $78.21. The stock has a 50 day moving average of $55.10 and a 200 day moving average of $60.64.
CEB (NYSE:CEB) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the 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 business earned $251.10 million during the quarter, compared to the consensus estimate of $244.57 million. During the same quarter last year, the firm posted $1.19 EPS. CEB’s revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that CEB Inc. will post $4.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, September 13th. CEB’s payout ratio is currently 87.77%.
Several research firms have issued reports on CEB. Cantor Fitzgerald set a $70.00 price target on shares of CEB and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research lowered shares of CEB from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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