Sei Investments Co. acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 230,020 shares of the business services provider’s stock, valued at approximately $10,059,000.

A number of other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC purchased a new position in Booz Allen Hamilton during the second quarter worth approximately $1,972,000. Victory Capital Management Inc. increased its stake in Booz Allen Hamilton by 13.3% during the second quarter. Victory Capital Management Inc. now owns 95,997 shares of the business services provider’s stock worth $4,198,000 after acquiring an additional 11,251 shares during the last quarter. First Trust Advisors LP increased its stake in Booz Allen Hamilton by 67.4% during the second quarter. First Trust Advisors LP now owns 297,010 shares of the business services provider’s stock worth $12,988,000 after acquiring an additional 119,539 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Booz Allen Hamilton during the second quarter worth $2,512,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Booz Allen Hamilton by 129.4% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,063 shares of the business services provider’s stock worth $396,000 after acquiring an additional 5,112 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

In other news, insider Joseph Logue sold 72,000 shares of Booz Allen Hamilton stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $45.22, for a total value of $3,255,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Horacio Rozanski sold 1,859 shares of Booz Allen Hamilton stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $42.34, for a total value of $78,710.06. The disclosure for this sale can be found here. Insiders sold 369,600 shares of company stock valued at $16,619,672 over the last ninety days. Insiders own 3.56% of the company’s stock.

BAH stock opened at $49.74 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.87. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.12. Booz Allen Hamilton Holding Co. has a 52-week low of $33.38 and a 52-week high of $49.79.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Monday, July 30th. The business services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.14. Booz Allen Hamilton had a return on equity of 57.00% and a net margin of 5.21%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 2.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Tuesday, August 14th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, August 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. Booz Allen Hamilton’s payout ratio is presently 37.81%.

Several research firms have issued reports on BAH. Wells Fargo & Co raised their target price on Booz Allen Hamilton from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, June 7th. Drexel Hamilton reissued a “hold” rating on shares of Booz Allen Hamilton in a research note on Monday, July 30th. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 31st. Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Vertical Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Monday, July 9th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Booz Allen Hamilton presently has a consensus rating of “Buy” and an average target price of $47.60.

About Booz Allen Hamilton

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

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