Washington Capital Management Inc. Reduces Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Washington Capital Management Inc. cut its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 15.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the business services provider’s stock after selling 1,800 shares during the period. Washington Capital Management Inc.’s holdings in Booz Allen Hamilton were worth $662,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hanseatic Management Services Inc. boosted its position in Booz Allen Hamilton by 1.1% in the second quarter. Hanseatic Management Services Inc. now owns 14,987 shares of the business services provider’s stock worth $992,000 after purchasing an additional 167 shares during the last quarter. Jennison Associates LLC boosted its position in Booz Allen Hamilton by 2.2% in the second quarter. Jennison Associates LLC now owns 10,440 shares of the business services provider’s stock worth $691,000 after purchasing an additional 224 shares during the last quarter. AGF Investments LLC boosted its position in Booz Allen Hamilton by 1.0% in the second quarter. AGF Investments LLC now owns 22,947 shares of the business services provider’s stock worth $1,519,000 after purchasing an additional 225 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Booz Allen Hamilton by 2.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,324 shares of the business services provider’s stock worth $684,000 after purchasing an additional 266 shares during the last quarter. Finally, Strs Ohio boosted its position in Booz Allen Hamilton by 4.6% in the second quarter. Strs Ohio now owns 6,691 shares of the business services provider’s stock worth $443,000 after purchasing an additional 294 shares during the last quarter. 90.99% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the company. SunTrust Banks raised their target price on Booz Allen Hamilton to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Citigroup raised their target price on Booz Allen Hamilton from $65.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Morgan Stanley raised their target price on Booz Allen Hamilton from $70.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, June 28th. Finally, Cowen reissued a “buy” rating and issued a $71.00 target price on shares of Booz Allen Hamilton in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Booz Allen Hamilton has a consensus rating of “Buy” and a consensus target price of $67.30.



In related news, VP Laura S. Adams sold 780 shares of Booz Allen Hamilton stock in a transaction that occurred 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 is accessible through the SEC website. Also, CFO Lloyd Howell, Jr. sold 74,279 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, July 8th. The shares were 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. Insiders sold 197,788 shares of company stock worth $13,624,612 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Shares of NYSE BAH traded down $1.50 during trading on Friday, hitting $73.47. The company had a trading volume of 753,314 shares, compared to its average volume of 1,082,869. The stock has a 50 day simple moving average of $69.77 and a 200 day simple moving average of $61.84. 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 Holding Co. has a 12 month low of $43.24 and a 12 month high of $75.26. The firm has a market capitalization of $10.51 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Monday, July 29th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.72 by $0.11. Booz Allen Hamilton had a return on equity of 59.44% and a net margin of 6.27%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, analysts predict that Booz Allen Hamilton Holding Co. will post 3.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, August 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 33.33%.

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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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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