Bank of New York Mellon Corp decreased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,986,453 shares of the business services provider’s stock after selling 130,350 shares during the period. Bank of New York Mellon Corp owned 1.34% of Booz Allen Hamilton Holding Corporation worth $64,639,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Booz Allen Hamilton Holding Corporation by 73.8% in the first quarter. JPMorgan Chase & Co. now owns 537,505 shares of the business services provider’s stock worth $19,022,000 after buying an additional 228,253 shares in the last quarter. Findlay Park Partners LLP bought a new stake in Booz Allen Hamilton Holding Corporation during the first quarter worth approximately $86,306,000. CIBC World Markets Inc. bought a new stake in Booz Allen Hamilton Holding Corporation during the first quarter worth approximately $1,538,000. William Blair Investment Management LLC boosted its stake in Booz Allen Hamilton Holding Corporation by 9.5% in the first quarter. William Blair Investment Management LLC now owns 7,762,874 shares of the business services provider’s stock worth $274,728,000 after buying an additional 672,544 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in Booz Allen Hamilton Holding Corporation by 29.5% in the first quarter. Credit Suisse AG now owns 371,558 shares of the business services provider’s stock worth $13,149,000 after buying an additional 84,586 shares in the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Shares of Booz Allen Hamilton Holding Corporation (BAH) opened at 33.89 on Thursday. Booz Allen Hamilton Holding Corporation has a 12-month low of $29.55 and a 12-month high of $39.67. The firm has a 50-day moving average price of $33.74 and a 200 day moving average price of $35.29. The stock has a market cap of $5.04 billion, a PE ratio of 19.44 and a beta of 1.31.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last issued 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 company had revenue of $1.49 billion for 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%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. Equities research analysts predict that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 14th will be given a $0.17 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. Booz Allen Hamilton Holding Corporation’s payout ratio is currently 38.86%.

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BAH has been the subject of several recent analyst reports. Cowen and Company restated a “buy” rating and issued a $41.00 price target on shares of Booz Allen Hamilton Holding Corporation in a report on Monday, August 7th. Drexel Hamilton cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.67 to $27.47 in a report on Friday, June 16th. Bank of America Corporation cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a report on Friday, June 16th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Finally, BidaskClub cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Booz Allen Hamilton Holding Corporation presently has an average rating of “Hold” and a consensus price target of $37.35.

In related news, EVP Elizabeth M. Thompson sold 10,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $33.77, for a total value of $337,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Karen M. Dahut sold 36,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $34.02, for a total value of $1,224,720.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,001 shares of company stock worth $1,562,454. 3.04% of the stock is owned by company insiders.

About Booz Allen Hamilton Holding Corporation

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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