Metropolitan Life Insurance Co NY lowered its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,962 shares of the business services provider’s stock after selling 384 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Booz Allen Hamilton were worth $579,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp purchased a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $319,000. Prudential Financial Inc. grew its stake in Booz Allen Hamilton by 81.0% in the fourth quarter. Prudential Financial Inc. now owns 429,471 shares of the business services provider’s stock valued at $19,356,000 after purchasing an additional 192,147 shares in the last quarter. LPL Financial LLC purchased a new position in Booz Allen Hamilton in the fourth quarter valued at about $269,000. PNC Financial Services Group Inc. grew its stake in Booz Allen Hamilton by 495.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 122,874 shares of the business services provider’s stock valued at $5,538,000 after purchasing an additional 102,226 shares in the last quarter. Finally, Dean Capital Investments Management LLC purchased a new position in Booz Allen Hamilton in the fourth quarter valued at about $311,000. Institutional investors and hedge funds own 94.51% of the company’s stock.
A number of analysts have weighed in on the company. Wells Fargo & Co set a $40.00 price target on Greif and gave the stock a “hold” rating in a research report on Friday, June 7th. Jefferies Financial Group initiated coverage on in a research report on Wednesday, May 29th. They issued a “buy” rating and a $36.00 price target for the company. Goldman Sachs Group raised MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. SunTrust Banks upped their price target on Anaplan to $52.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Morgan Stanley cut Meili from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $14.00 to $4.20 in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $60.40.
Shares of BAH stock traded down $0.74 during trading hours on Friday, reaching $66.64. The company had a trading volume of 862,176 shares, compared to its average volume of 890,840. The firm’s 50 day simple moving average is $66.27. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.80 and a beta of 0.94. Booz Allen Hamilton Holding Co. has a 1-year low of $43.24 and a 1-year high of $69.00.
Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Tuesday, May 28th. The business services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. Booz Allen Hamilton had a return on equity of 60.67% and a net margin of 6.24%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, equities analysts predict that Booz Allen Hamilton Holding Co. will post 3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 33.33%.
Booz Allen Hamilton Company Profile
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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