Van Berkom Associates buys $63,547,308 stake in CEB (CEB)

CEB (CEB) : Van Berkom Associates scooped up 99,650 additional shares in CEB during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 962,838 shares of CEB which is valued at $63,547,308.CEB makes up approximately 2.85% of Van Berkom Associates’s portfolio.

CEB opened for trading at $62.1 and hit $63.62 on the upside on Wednesday, eventually ending the session at $63.01, with a gain of 1.76% or 1.09 points. The heightened volatility saw the trading volume jump to 2,71,220 shares. Company has a market cap of $2,057 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in CEB during the most recent quarter. The investment firm sold 18,700 shares of CEB which is valued $1,234,200. Gemmer Asset Management added CEB to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $3,211.Sit Investment Associates Inc boosted its stake in CEB in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 950 shares of CEB which is valued at $61,000. Simplex Trading added CEB to its portfolio by purchasing 204 company shares during the most recent quarter which is valued at $13,099.Oregon Public Employees Retirement Fund boosted its stake in CEB in the latest quarter, The investment management firm added 428 additional shares and now holds a total of 10,849 shares of CEB which is valued at $696,614. CEB makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.

On the company’s financial health, CEB reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.78. The company had revenue of $224.00 million for the quarter, compared to analysts expectations of $226.98 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on CEB. Shares were Reiterated by Stifel on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 74 from a previous price target of $76 .Shares were Reiterated by RBC Capital Mkts on Feb 9, 2016 to “Outperform” and Lowered the Price Target to $ 73 from a previous price target of $84 .Shares were Reiterated by Deutsche Bank on Feb 5, 2016 to “Buy” and Lowered the Price Target to $ 78 from a previous price target of $87 .

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