Camelot Portfolios LLC lessened its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 28.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,795 shares of the business services provider’s stock after selling 3,089 shares during the quarter. Camelot Portfolios LLC’s holdings in Booz Allen Hamilton were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in BAH. Federated Investors Inc. PA lifted its position in shares of Booz Allen Hamilton by 70.6% during the 1st quarter. Federated Investors Inc. PA now owns 362,389 shares of the business services provider’s stock valued at $21,069,000 after buying an additional 149,939 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in Booz Allen Hamilton by 22.7% during the first quarter. Hanseatic Management Services Inc. now owns 14,820 shares of the business services provider’s stock valued at $862,000 after buying an additional 2,740 shares during the last quarter. West Oak Capital LLC bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth $103,000. Polaris Greystone Financial Group LLC bought a new stake in shares of Booz Allen Hamilton in the 1st quarter worth $9,328,000. Finally, Quantum Capital Management bought a new stake in shares of Booz Allen Hamilton in the 1st quarter worth $204,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.
NYSE:BAH opened at $71.51 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $10.12 billion, a P/E ratio of 25.91, a P/E/G ratio of 1.82 and a beta of 0.95. Booz Allen Hamilton Holding Co. has a 12 month low of $43.24 and a 12 month high of $73.67. The business’s 50-day moving average is $68.64 and its 200 day moving average is $61.14.Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Monday, July 29th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.79 billion. Booz Allen Hamilton had a return on equity of 59.44% and a net margin of 6.27%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. On average, research analysts forecast that Booz Allen Hamilton Holding Co. will post 3.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.29%. Booz Allen Hamilton’s dividend payout ratio is 33.33%.
Several analysts recently commented on the company. Morgan Stanley began coverage on Booz Allen Hamilton in a report on Monday, June 3rd. They issued an “overweight” rating and a $70.00 price objective for the company. Jefferies Financial Group lifted their target price on Booz Allen Hamilton from $61.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Cowen reiterated a “buy” rating and set a $71.00 target price on shares of Booz Allen Hamilton in a research report on Monday, July 29th. Citigroup lifted their target price on Booz Allen Hamilton from $65.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, SunTrust Banks lifted their target price on Booz Allen Hamilton to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $66.70.
In related news, EVP Nancy Laben sold 11,340 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $69.00, for a total value of $782,460.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Horacio Rozanski sold 45,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $70.70, for a total value of $3,181,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,788 shares of company stock worth $13,624,612. Insiders own 2.60% of the company’s stock.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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