Allianz Asset Management GmbH cut its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 32.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 750,528 shares of the business services provider’s stock after selling 368,802 shares during the period. Allianz Asset Management GmbH owned approximately 0.53% of Booz Allen Hamilton worth $37,248,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of Booz Allen Hamilton during the second quarter worth $911,000. Janney Montgomery Scott LLC increased its position in shares of Booz Allen Hamilton by 20.8% during the second quarter. Janney Montgomery Scott LLC now owns 33,914 shares of the business services provider’s stock worth $1,483,000 after acquiring an additional 5,845 shares in the last quarter. Aperio Group LLC increased its position in shares of Booz Allen Hamilton by 14.2% during the second quarter. Aperio Group LLC now owns 65,288 shares of the business services provider’s stock worth $2,855,000 after acquiring an additional 8,137 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Booz Allen Hamilton by 129.4% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,063 shares of the business services provider’s stock worth $396,000 after acquiring an additional 5,112 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Booz Allen Hamilton during the second quarter worth $2,512,000. 95.94% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, August 15th. Raymond James increased their price objective on shares of Booz Allen Hamilton from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, October 29th. Bank of America downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underperform” rating and set a $50.00 price objective for the company. in a research report on Monday, November 5th. Citigroup increased their price objective on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 30th. Finally, Cowen reissued a “buy” rating and set a $54.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Booz Allen Hamilton currently has an average rating of “Buy” and an average price target of $53.22.
Shares of BAH opened at $51.31 on Monday. Booz Allen Hamilton Holding Co. has a 12 month low of $35.21 and a 12 month high of $52.88. The firm has a market cap of $7.30 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.67.
Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Monday, October 29th. The business services provider reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 2.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Wednesday, November 14th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, November 13th. Booz Allen Hamilton’s payout ratio is 37.81%.
In other Booz Allen Hamilton news, Director Ralph W. Shrader sold 30,000 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $51.06, for a total value of $1,531,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kristine Anderson sold 20,000 shares of the stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $51.54, for a total transaction of $1,030,800.00. The disclosure for this sale can be found here. Corporate insiders own 3.56% of the company’s stock.
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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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