Amundi Pioneer Asset Management Inc. Sells 73,060 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)
Amundi Pioneer Asset Management Inc. lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 12.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 532,464 shares of the business services provider’s stock after selling 73,060 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Booz Allen Hamilton were worth $30,958,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in BAH. First Personal Financial Services purchased a new stake in shares of Booz Allen Hamilton during the first quarter worth about $26,000. Advisors Preferred LLC acquired a new stake in shares of Booz Allen Hamilton in the first quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Booz Allen Hamilton by 47.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 821 shares of the business services provider’s stock worth $37,000 after acquiring an additional 264 shares during the last quarter. Pearl River Capital LLC acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter worth approximately $37,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Booz Allen Hamilton in the first quarter worth approximately $46,000. Institutional investors and hedge funds own 94.62% of the company’s stock.
In other news, VP Laura S. Adams sold 780 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $65.63, for a total transaction of $51,191.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.
Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Tuesday, May 28th. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Booz Allen Hamilton had a net margin of 6.24% and a return on equity of 60.67%. Booz Allen Hamilton’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.42%. Booz Allen Hamilton’s payout ratio is currently 33.33%.
Several research firms recently issued reports on BAH. Wells Fargo & Co reissued a “buy” rating on shares of Booz Allen Hamilton in a research report on Friday, June 7th. Morgan Stanley began coverage on shares of Booz Allen Hamilton in a research report on Monday, June 3rd. They issued an “overweight” rating and a $70.00 target price on the stock. Jefferies Financial Group raised their target price on shares of Booz Allen Hamilton from $61.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Zacks Investment Research cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research report on Thursday, May 30th. Finally, SunTrust Banks lifted their price target on shares of Booz Allen Hamilton to $69.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $59.90.
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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