Man Group plc lowered its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 35.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 182,953 shares of the business services provider’s stock after selling 101,661 shares during the quarter. Man Group plc owned 0.13% of Booz Allen Hamilton worth $12,994,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BAH. Price T Rowe Associates Inc. MD raised its holdings in Booz Allen Hamilton by 24.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,223,011 shares of the business services provider’s stock worth $1,074,126,000 after purchasing an additional 3,214,910 shares during the period. Nuveen Asset Management LLC raised its stake in Booz Allen Hamilton by 268.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,219,791 shares of the business services provider’s stock worth $146,972,000 after buying an additional 1,617,192 shares during the period. APG Asset Management N.V. lifted its holdings in Booz Allen Hamilton by 67.0% during the second quarter. APG Asset Management N.V. now owns 2,925,700 shares of the business services provider’s stock worth $170,101,000 after acquiring an additional 1,173,300 shares in the last quarter. Congress Asset Management Co. MA bought a new position in Booz Allen Hamilton during the third quarter worth about $77,513,000. Finally, Voya Investment Management LLC grew its stake in Booz Allen Hamilton by 223.1% in the third quarter. Voya Investment Management LLC now owns 1,520,670 shares of the business services provider’s stock valued at $107,998,000 after acquiring an additional 1,050,036 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.
BAH stock opened at $71.65 on Wednesday. The stock has a 50-day moving average price of $71.65 and a two-hundred day moving average price of $69.52. Booz Allen Hamilton Holding Co. has a 1 year low of $43.24 and a 1 year high of $78.01. The stock 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. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.77.
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, beating analysts’ consensus estimates of $0.70 by $0.11. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. Booz Allen Hamilton had a return on equity of 57.89% and a net margin of 6.40%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, analysts forecast that Booz Allen Hamilton Holding Co. will post 3.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a $0.27 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.08 annualized dividend and a yield of 1.51%. Booz Allen Hamilton’s payout ratio is presently 39.13%.
BAH has been the subject of several recent analyst reports. Wells Fargo & Co restated a “hold” rating on shares of Booz Allen Hamilton in a report on Friday, November 1st. ValuEngine lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Monday, November 25th. JPMorgan Chase & Co. initiated coverage on Booz Allen Hamilton in a research note on Tuesday, September 24th. They set a “neutral” rating and a $77.00 target price for the company. Finally, Barclays assumed coverage on shares of Booz Allen Hamilton in a report on Friday, September 20th. They set an “equal weight” rating and a $77.00 target price on the stock. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Booz Allen Hamilton presently has a consensus rating of “Buy” and a consensus target price of $77.22.
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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