UBS Asset Management Americas Inc. raised its stake in shares of CEB Inc. (NYSE:CEB) by 5.7% during the second quarter, Holdings Channel reports. The firm owned 20,019 shares of the company’s stock after buying an additional 1,084 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of CEB worth $1,234,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. raised 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 valued at $62,122,000 after buying an additional 12,613 shares during the period. GW&K Investment Management LLC raised its stake in CEB by 0.4% in the second quarter. GW&K Investment Management LLC now owns 744,279 shares of the company’s stock valued at $45,907,000 after buying an additional 3,007 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in CEB during the second quarter valued at $21,216,000. Rice Hall James & Associates LLC raised its stake in CEB by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 259,186 shares of the company’s stock valued at $15,987,000 after buying an additional 3,598 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in CEB by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 252,054 shares of the company’s stock valued at $16,315,000 after buying an additional 9,696 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of CEB Inc. (NYSE:CEB) traded up 1.05% during trading on Friday, hitting $53.11. The stock had a trading volume of 195,064 shares. CEB Inc. has a 52 week low of $49.27 and a 52 week high of $78.21. The firm has a 50-day moving average price of $55.10 and a 200 day moving average price of $60.64. The company has a market capitalization of $1.71 billion, a PE ratio of 28.01 and a beta of 1.79.
CEB (NYSE:CEB) last posted its earnings results on Tuesday, July 26th. The company reported $0.97 EPS 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 previous year, the business earned $1.19 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Equities analysts anticipate that CEB Inc. will post $4.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Tuesday, September 13th. CEB’s payout ratio is 87.77%.
Several equities analysts have commented on CEB shares. Cantor Fitzgerald set a $70.00 target price on CEB and gave the company a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded CEB from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. CEB has an average rating of “Buy” and an average target price 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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