Meeder Asset Management Inc. reduced its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 19.2% during the second quarter, Holdings Channel reports. The fund owned 27,573 shares of the business services provider’s stock after selling 6,562 shares during the period. Meeder Asset Management Inc.’s holdings in Booz Allen Hamilton Holding Corporation were worth $897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BAH. Vanguard Group Inc. boosted its position in Booz Allen Hamilton Holding Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 14,534,410 shares of the business services provider’s stock worth $514,372,000 after buying an additional 979,130 shares during the last quarter. BlackRock Inc. boosted its position in Booz Allen Hamilton Holding Corporation by 1,951.0% in the first quarter. BlackRock Inc. now owns 8,227,419 shares of the business services provider’s stock worth $291,169,000 after buying an additional 7,826,286 shares during the last quarter. William Blair Investment Management LLC boosted its position 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 during the last quarter. Alliancebernstein L.P. boosted its position in Booz Allen Hamilton Holding Corporation by 7.5% in the first quarter. Alliancebernstein L.P. now owns 6,069,268 shares of the business services provider’s stock worth $214,791,000 after buying an additional 422,448 shares during the last quarter. Finally, FMR LLC boosted its position in Booz Allen Hamilton Holding Corporation by 4.9% in the first quarter. FMR LLC now owns 5,497,766 shares of the business services provider’s stock worth $194,566,000 after buying an additional 258,866 shares during the last quarter. Hedge funds and other institutional investors own 95.72% of the company’s stock.

Shares of Booz Allen Hamilton Holding Corporation (BAH) opened at 33.83 on Monday. Booz Allen Hamilton Holding Corporation has a 12-month low of $29.55 and a 12-month high of $39.67. The company’s 50-day moving average is $36.48 and its 200-day moving average is $35.92. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 20.32 and a beta of 1.32.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last issued its quarterly earnings results on Monday, May 22nd. The business services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.48 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.35% and a return on equity of 49.46%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Equities research analysts predict that Booz Allen Hamilton Holding Corporation will post $1.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Saturday, June 10th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, June 7th. Booz Allen Hamilton Holding Corporation’s payout ratio is currently 40.72%.

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A number of research analysts have weighed in on BAH shares. Evercore ISI started coverage on shares of Booz Allen Hamilton Holding Corporation in a research note on Tuesday, April 4th. They issued an “in-line” rating and a $38.00 target price on the stock. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, April 4th. Jefferies Group LLC cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a research note on Monday. Cowen and Company restated a “buy” rating and set a $41.00 price target (down from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Monday, June 26th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $40.00 price target (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $38.05.

In other news, CFO Lloyd Howell, Jr. sold 45,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $39.01, for a total transaction of $1,755,450.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Joseph W. Mahaffee sold 120,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $38.25, for a total transaction of $4,590,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,140 shares of company stock worth $9,225,081. Company insiders own 3.04% of the company’s stock.

Booz Allen Hamilton Holding Corporation 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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Institutional Ownership by Quarter for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

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