Booz Allen Hamilton Holding Co. (BAH) Holdings Lessened by Burgundy Asset Management Ltd.
Burgundy Asset Management Ltd. reduced its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 33.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,438,548 shares of the business services provider’s stock after selling 714,707 shares during the quarter. Burgundy Asset Management Ltd. owned 0.99% of Booz Allen Hamilton worth $53,787,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in BAH. Advisor Group Inc. increased its holdings in shares of Booz Allen Hamilton by 13.1% in the second quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after acquiring an additional 405 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Booz Allen Hamilton by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after acquiring an additional 347 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Booz Allen Hamilton by 27.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,602 shares of the business services provider’s stock worth $150,000 after acquiring an additional 1,001 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Booz Allen Hamilton in the second quarter worth about $206,000. Finally, Fiduciary Trust Co. bought a new stake in shares of Booz Allen Hamilton in the second quarter worth about $217,000. Institutional investors own 92.85% of the company’s stock.
In related news, EVP Elizabeth M. Thompson sold 28,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $36.69, for a total transaction of $1,027,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Horacio Rozanski sold 30,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $36.01, for a total value of $1,080,300.00. The disclosure for this sale can be found here. Insiders have sold 134,428 shares of company stock valued at $5,022,119 over the last three months. Insiders own 3.04% of the company’s stock.
Booz Allen Hamilton Holding Co. (NYSE BAH) opened at $37.87 on Friday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $31.06 and a fifty-two week high of $39.67. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $5,587.52, a PE ratio of 20.83, a P/E/G ratio of 2.37 and a beta of 1.28.
Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Booz Allen Hamilton had a return on equity of 48.30% and a net margin of 4.52%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. analysts anticipate that Booz Allen Hamilton Holding Co. will post 1.91 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 13th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.13. This represents a $0.68 annualized dividend and a yield of 1.80%. Booz Allen Hamilton’s dividend payout ratio is 37.57%.
Several equities research analysts have issued reports on BAH shares. Cowen restated a “buy” rating and issued a $50.00 price target (up from $41.00) on shares of Booz Allen Hamilton in a report on Thursday, October 12th. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday, November 8th. ValuEngine downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. SunTrust Banks initiated coverage on Booz Allen Hamilton in a report on Friday, December 1st. They set a “buy” rating and a $47.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on Booz Allen Hamilton in a report on Tuesday, November 21st. They set a “buy” rating and a $46.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $40.95.
Booz Allen Hamilton Company 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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