Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 30.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 694,505 shares of the business services provider’s stock after selling 299,836 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.50% of Booz Allen Hamilton worth $54,026,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth approximately $2,650,000. Shine Investment Advisory Services Inc. raised its holdings in Booz Allen Hamilton by 186.6% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 407 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 265 shares during the last quarter. Column Capital Advisors LLC acquired a new position in Booz Allen Hamilton in the 1st quarter valued at $38,000. Sowell Financial Services LLC raised its holdings in Booz Allen Hamilton by 123.1% in the 1st quarter. Sowell Financial Services LLC now owns 580 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 320 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Booz Allen Hamilton by 705.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 620 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.
Shares of Booz Allen Hamilton stock opened at $81.76 on Friday. The firm has a market cap of $11.30 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81. The firm’s 50-day simple moving average is $76.17 and its 200-day simple moving average is $74.79. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.75 and a current ratio of 1.75. Booz Allen Hamilton Holding Co. has a 1 year low of $54.37 and a 1 year high of $82.22.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, July 31st. The business services provider reported $0.93 earnings per share for the quarter, topping the 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%. Booz Allen Hamilton’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. On average, equities analysts predict that Booz Allen Hamilton Holding Co. will post 3.55 earnings per share for the current year.
Several brokerages have weighed in on BAH. SunTrust Banks cut their price target on Booz Allen Hamilton from $88.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. boosted their price objective on shares of Booz Allen Hamilton from $69.00 to $81.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Citigroup raised shares of Booz Allen Hamilton from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $90.00 in a research note on Monday, April 20th. Raymond James cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 8th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Booz Allen Hamilton in a research report on Friday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $82.42.
In other news, Director Gretchen W. Mcclain sold 2,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $78.13, for a total value of $156,260.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth M. Thompson sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were 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 currently owned by corporate insiders.
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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