Millennium Management LLC Boosts Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Millennium Management LLC lifted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 88.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,039 shares of the business services provider’s stock after purchasing an additional 132,673 shares during the period. Millennium Management LLC owned about 0.20% of Booz Allen Hamilton worth $20,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in Booz Allen Hamilton in the second quarter valued at approximately $379,000. Greenleaf Trust increased its position in shares of Booz Allen Hamilton by 6.7% in the second quarter. Greenleaf Trust now owns 5,476 shares of the business services provider’s stock valued at $363,000 after buying an additional 342 shares in the last quarter. Strs Ohio raised its stake in shares of Booz Allen Hamilton by 4.6% during the 2nd quarter. Strs Ohio now owns 6,691 shares of the business services provider’s stock worth $443,000 after buying an additional 294 shares during the period. Virginia Retirement Systems ET AL raised its stake in shares of Booz Allen Hamilton by 7.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 35,500 shares of the business services provider’s stock worth $2,350,000 after buying an additional 2,400 shares during the period. Finally, Creative Planning purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at approximately $1,255,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the stock. SunTrust Banks lifted their price target on shares of Booz Allen Hamilton to $88.00 and gave the company a “buy” rating in a research note on Monday, November 4th. ValuEngine cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a report on Friday, November 1st. Barclays started coverage on shares of Booz Allen Hamilton in a research report on Friday, September 20th. They issued an “equal weight” rating and a $77.00 target price on the stock. Finally, Cowen reissued a “buy” rating and set a $85.00 target price on shares of Booz Allen Hamilton in a research note on Sunday, November 3rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $77.22.

NYSE BAH opened at $71.65 on Wednesday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s 50 day simple moving average is $71.65 and its 200-day simple moving average is $69.52. The company has a market cap of $10.21 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. Booz Allen Hamilton Holding Co. has a 1-year low of $43.24 and a 1-year high of $78.01.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.11. Booz Allen Hamilton had a return on equity of 57.89% and a net margin of 6.40%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.27 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.13. The ex-dividend date was Wednesday, November 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.51%. Booz Allen Hamilton’s dividend payout ratio is presently 39.13%.

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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