Sciencast Management LP Trims Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sciencast Management LP lowered its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 17.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,322 shares of the business services provider’s stock after selling 1,940 shares during the quarter. Sciencast Management LP’s holdings in Booz Allen Hamilton were worth $671,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of BAH. Sunbelt Securities Inc. bought a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $2,650,000. Shine Investment Advisory Services Inc. raised its holdings in shares of Booz Allen Hamilton by 186.6% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 407 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 265 shares in the last quarter. Column Capital Advisors LLC bought a new position in shares of Booz Allen Hamilton during the 1st quarter valued at $38,000. Sowell Financial Services LLC raised its holdings in shares of Booz Allen Hamilton by 123.1% during the 1st quarter. Sowell Financial Services LLC now owns 580 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 320 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Booz Allen Hamilton by 705.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 620 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 543 shares in the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

In other Booz Allen Hamilton news, Director Gretchen W. Mcclain sold 2,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $78.13, for a total value of $156,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth M. Thompson sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $80.20, for a total transaction of $1,203,000.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Several research analysts recently commented on the stock. SunTrust Banks dropped their target price on shares of Booz Allen Hamilton from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Goldman Sachs Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $88.00 to $79.00 in a research report on Monday, April 20th. Wells Fargo & Co restated a “buy” rating on shares of Booz Allen Hamilton in a research report on Friday. Raymond James lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Booz Allen Hamilton from $69.00 to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $82.42.

NYSE:BAH opened at $81.76 on Friday. The firm has a market cap of $11.30 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. Booz Allen Hamilton Holding Co. has a 12 month low of $54.37 and a 12 month high of $82.22. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.66. The company’s 50-day moving average price is $76.17 and its two-hundred day moving average price is $74.79.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 31st. The business services provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.97 billion. Booz Allen Hamilton had a net margin of 6.47% and a return on equity of 53.41%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. On average, research analysts expect that Booz Allen Hamilton Holding Co. will post 3.57 EPS for the current fiscal year.

Booz Allen Hamilton 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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