Los Angeles Capital Management & Equity Research Inc. reduced its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 34.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 758,173 shares of the business services provider’s stock after selling 398,615 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.51% of Booz Allen Hamilton Holding Corporation worth $28,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Booz Allen Hamilton Holding Corporation by 13.1% in the 2nd quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after purchasing an additional 405 shares in the last quarter. Brookstone Capital Management purchased a new position in Booz Allen Hamilton Holding Corporation in the 2nd quarter worth approximately $255,000. Cambridge Investment Research Advisors Inc. purchased a new position in Booz Allen Hamilton Holding Corporation in the 2nd quarter worth approximately $277,000. PNC Financial Services Group Inc. raised its holdings in Booz Allen Hamilton Holding Corporation by 4.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 28,704 shares of the business services provider’s stock worth $933,000 after acquiring an additional 1,183 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in Booz Allen Hamilton Holding Corporation by 40.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 55,379 shares of the business services provider’s stock worth $1,802,000 after acquiring an additional 15,906 shares during the last quarter. 93.72% of the stock is currently owned by hedge funds and other institutional investors.

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BAH has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, November 8th. Jefferies Group LLC upgraded shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Cowen and Company restated a “buy” rating and issued a $50.00 price objective (up from $41.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Thursday, October 12th. Vertical Research upgraded shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $39.72.

Shares of Booz Allen Hamilton Holding Corporation (BAH) traded up $0.35 during trading hours on Wednesday, hitting $36.59. 1,003,600 shares of the stock were exchanged, compared to its average volume of 1,167,313. The stock has a market capitalization of $5,284.23, a price-to-earnings ratio of 19.70, a PEG ratio of 2.24 and a beta of 1.28. Booz Allen Hamilton Holding Corporation 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.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.52% and a return on equity of 48.30%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. sell-side analysts expect that Booz Allen Hamilton Holding Corporation will post 1.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.17 per share. This is an increase from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. This represents a $0.68 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, November 13th. Booz Allen Hamilton Holding Corporation’s payout ratio is presently 37.57%.

In other news, insider Karen M. Dahut sold 46,406 shares of Booz Allen Hamilton Holding Corporation stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth M. Thompson sold 10,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $33.77, for a total transaction of $337,700.00. The disclosure for this sale can be found here. Insiders have sold 114,407 shares of company stock valued at $4,209,710 over the last quarter. Insiders own 3.04% of the company’s stock.

Booz Allen Hamilton Holding Corporation 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.

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

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