Utah Retirement Systems Boosts Holdings in Booz Allen Hamilton Holding Corporation (BAH)

Utah Retirement Systems raised its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 29.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,741 shares of the business services provider’s stock after purchasing an additional 6,100 shares during the quarter. Utah Retirement Systems’ holdings in Booz Allen Hamilton Holding Corporation were worth $870,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Ifrah Financial Services Inc. raised its position in Booz Allen Hamilton Holding Corporation by 57.7% in the second quarter. Ifrah Financial Services Inc. now owns 13,539 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 4,952 shares during the last quarter. GAM Holding AG increased its stake in shares of Booz Allen Hamilton Holding Corporation by 5.7% in the second quarter. GAM Holding AG now owns 8,350 shares of the business services provider’s stock valued at $272,000 after buying an additional 450 shares during the period. Boston Private Wealth LLC increased its stake in shares of Booz Allen Hamilton Holding Corporation by 11.9% in the second quarter. Boston Private Wealth LLC now owns 30,774 shares of the business services provider’s stock valued at $1,001,000 after buying an additional 3,281 shares during the period. William Blair Investment Management LLC increased its stake in shares of Booz Allen Hamilton Holding Corporation by 1.3% in the second quarter. William Blair Investment Management LLC now owns 7,862,778 shares of the business services provider’s stock valued at $255,855,000 after buying an additional 99,904 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Booz Allen Hamilton Holding Corporation in the second quarter valued at about $8,221,000. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Shares of Booz Allen Hamilton Holding Corporation (NYSE BAH) opened at 34.68 on Monday. Booz Allen Hamilton Holding Corporation has a 1-year low of $29.55 and a 1-year high of $39.67. The company’s 50-day moving average price is $33.96 and its 200 day moving average price is $35.29. The firm has a market cap of $5.16 billion, a PE ratio of 19.90 and a beta of 1.31.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. Booz Allen Hamilton Holding Corporation’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. On average, analysts predict that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were given a dividend of $0.17 per share. This is a positive change from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.96%. Booz Allen Hamilton Holding Corporation’s dividend payout ratio is presently 38.86%.

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In other Booz Allen Hamilton Holding Corporation news, insider Karen M. Dahut sold 36,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $34.02, for a total transaction of $1,224,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth M. Thompson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $33.77, for a total value of $337,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 46,001 shares of company stock valued at $1,562,454 in the last ninety days. 3.04% of the stock is currently owned by corporate insiders.

Several brokerages have recently weighed in on BAH. BidaskClub raised Booz Allen Hamilton Holding Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Cowen and Company reissued a “buy” rating and issued a $41.00 price target on shares of Booz Allen Hamilton Holding Corporation in a research note on Monday, August 7th. Jefferies Group LLC cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research note on Monday, July 17th. Wells Fargo & Company reissued an “outperform” rating and issued a $40.00 price target (down previously from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Finally, Bank of America Corporation cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, June 16th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $37.35.

Booz Allen Hamilton Holding Corporation Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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

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