CEB Inc (CEB) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research downgraded shares of CEB Inc (NYSE:CEB) from a buy rating to a hold rating in a research note released on Friday morning, MarketBeat.com reports.
According to Zacks, “CEB Inc. is an advisory company. The Company’s operating segment consists of SHL Talent Measurement and CEB. SHL Talent Measurement provides cloud-based solutions. CEB segment provides technology tools on data analytics and analytical solutions. CEB Inc., formerly known as The Corporate Executive Board Company, is based in ARLINGTON, United States. “
A number of other analysts also recently weighed in on CEB. Barclays decreased their price target on CEB from $82.00 to $78.00 and set an equal weight rating for the company in a report on Thursday, October 29th. Cantor Fitzgerald assumed coverage on CEB in a report on Monday, November 9th. They set a buy rating and a $86.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $85.63.
CEB (NYSE:CEB) opened at 58.98 on Friday. The firm has a market cap of $1.95 billion and a P/E ratio of 19.37. The firm’s 50-day moving average price is $58.89 and its 200-day moving average price is $70.96. CEB has a 12 month low of $52.83 and a 12 month high of $91.57.
In related news, Director Daniel O. Leemon sold 1,133 shares of the firm’s stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $75.00, for a total value of $84,975.00. Following the transaction, the director now owns 6,132 shares of the company’s stock, valued at approximately $459,900. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Other institutional investors have made changes to their positions in the company. Janus Capital Management boosted its position in shares of CEB by 0.8% in the third quarter. Janus Capital Management now owns 1,464,289 shares of the company’s stock valued at $100,070,000 after buying an additional 12,205 shares during the last quarter. Assetmark acquired a new position in shares of CEB during the third quarter valued at $0. Parametrica Management acquired a new position in shares of CEB during the fourth quarter valued at $327,000. Simplex Trading acquired a new position in shares of CEB during the fourth quarter valued at $0. Finally, Russell Frank Co boosted its position in shares of CEB by 9.0% in the fourth quarter. Russell Frank Co now owns 178,976 shares of the company’s stock valued at $11,081,000 after buying an additional 14,827 shares during the last quarter.
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. Its CEB segment provides technology tools based on data analytics and analytical solutions for talent development professionals. The Company’s assessment and development solutions help companies manage human capital investments. It offers cognitive ability assessments, skills and/or knowledge assessments, personality questionnaires, and job/role simulations.
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