Carroll Financial Associates Inc. increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 56.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,883 shares of the business services provider’s stock after buying an additional 1,041 shares during the period. Carroll Financial Associates Inc.’s holdings in Booz Allen Hamilton were worth $190,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Federated Investors Inc. PA grew its holdings in 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 worth $21,069,000 after acquiring an additional 149,939 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Booz Allen Hamilton by 22.7% in the 1st 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 in the last quarter. Polaris Greystone Financial Group LLC bought a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at about $9,328,000. Quantum Capital Management bought a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at about $204,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Booz Allen Hamilton by 949.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,289,145 shares of the business services provider’s stock valued at $74,952,000 after buying an additional 1,166,271 shares in the last quarter. 94.51% of the stock is currently owned by institutional investors.
In related news, VP Laura S. Adams sold 780 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $65.63, for a total value of $51,191.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Lloyd Howell, Jr. sold 74,279 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $67.19, for a total value of $4,990,806.01. 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. 2.60% of the stock is currently owned by corporate insiders.
NYSE:BAH opened at $72.41 on Friday. The company’s 50 day moving average price is $67.92. Booz Allen Hamilton Holding Co. has a 1-year low of $43.24 and a 1-year high of $72.78. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.75 and a current ratio of 1.75.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Monday, July 29th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. Booz Allen Hamilton had a net margin of 6.27% and a return on equity of 59.44%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 3.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.92 annualized dividend and a yield of 1.27%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 33.33%.
Several brokerages recently commented on BAH. Citigroup increased their price objective on shares of Booz Allen Hamilton from $65.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Morgan Stanley began coverage on shares of Booz Allen Hamilton in a research report on Monday, June 3rd. They issued an “overweight” rating and a $70.00 price objective for the company. Wells Fargo & Co lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $71.00 to $74.00 in a research report on Tuesday, July 30th. Cowen reissued a “buy” rating and set a $71.00 price target on shares of Booz Allen Hamilton in a research report on Monday, July 29th. Finally, SunTrust Banks raised their price target on shares of Booz Allen Hamilton to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $66.70.
About Booz Allen Hamilton
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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