Quantinno Capital Management LP bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,295 shares of the business services provider’s stock, valued at approximately $540,000.
Several other institutional investors and hedge funds have also bought and sold shares of BAH. American Century Companies Inc. grew its stake in Booz Allen Hamilton by 3.7% in the fourth quarter. American Century Companies Inc. now owns 5,156,636 shares of the business services provider’s stock worth $232,410,000 after purchasing an additional 185,453 shares during the period. Wells Fargo & Company MN grew its stake in Booz Allen Hamilton by 31.5% in the first quarter. Wells Fargo & Company MN now owns 4,819,100 shares of the business services provider’s stock worth $280,183,000 after purchasing an additional 1,154,785 shares during the period. JPMorgan Chase & Co. grew its stake in Booz Allen Hamilton by 45.6% in the first quarter. JPMorgan Chase & Co. now owns 3,725,749 shares of the business services provider’s stock worth $216,615,000 after purchasing an additional 1,166,205 shares during the period. FMR LLC grew its stake in Booz Allen Hamilton by 61.8% in the fourth quarter. FMR LLC now owns 3,216,528 shares of the business services provider’s stock worth $144,968,000 after purchasing an additional 1,228,961 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Booz Allen Hamilton by 38.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,844,695 shares of the business services provider’s stock worth $107,250,000 after purchasing an additional 509,575 shares during the period. 94.62% of the stock is currently owned by hedge funds and other institutional investors.
BAH has been the topic of several recent research reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Booz Allen Hamilton in a research note on Friday, June 7th. Jefferies Financial Group upped their price target on Booz Allen Hamilton from $61.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Goldman Sachs Group initiated coverage on Booz Allen Hamilton in a research note on Thursday, May 9th. They issued a “buy” rating on the stock. Finally, Morgan Stanley initiated coverage on Booz Allen Hamilton in a research note on Monday, June 3rd. They issued an “overweight” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.90.
Booz Allen Hamilton stock traded up $0.36 during mid-day trading on Friday, hitting $65.18. The company had a trading volume of 725,455 shares, compared to its average volume of 998,945. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.52. Booz Allen Hamilton Holding Co. has a 12 month low of $42.91 and a 12 month high of $66.47. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.75 and a beta of 0.95.
Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Tuesday, May 28th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. Booz Allen Hamilton had a return on equity of 60.67% and a net margin of 6.24%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. On average, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 3.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, June 13th. Booz Allen Hamilton’s payout ratio is currently 33.33%.
In other news, VP Laura S. Adams sold 780 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $65.63, for a total transaction of $51,191.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
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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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