Washington Capital Management Inc. decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 15.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the business services provider’s stock after selling 1,800 shares during the quarter. Washington Capital Management Inc.’s holdings in Booz Allen Hamilton were worth $662,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Investors Inc. PA boosted its stake in Booz Allen Hamilton by 70.6% in the first quarter. Federated Investors Inc. PA now owns 362,389 shares of the business services provider’s stock worth $21,069,000 after buying an additional 149,939 shares in the last quarter. Strs Ohio boosted its stake in Booz Allen Hamilton by 4.6% in the second quarter. Strs Ohio now owns 6,691 shares of the business services provider’s stock worth $443,000 after buying an additional 294 shares in the last quarter. ARP Americas LP boosted its stake in Booz Allen Hamilton by 573.9% in the second quarter. ARP Americas LP now owns 31,000 shares of the business services provider’s stock worth $2,053,000 after buying an additional 26,400 shares in the last quarter. Coastal Capital Group Inc. purchased a new stake in Booz Allen Hamilton in the second quarter worth approximately $131,000. Finally, Hanseatic Management Services Inc. boosted its stake in Booz Allen Hamilton by 22.7% in the first quarter. Hanseatic Management Services Inc. now owns 14,820 shares of the business services provider’s stock worth $862,000 after buying an additional 2,740 shares in the last quarter. 90.99% of the stock is owned by institutional investors.
BAH stock traded down $1.50 during midday trading on Friday, hitting $73.47. The company had a trading volume of 753,314 shares, compared to its average volume of 1,082,869. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.14. Booz Allen Hamilton Holding Co. has a 52 week low of $43.24 and a 52 week high of $75.26. The stock’s 50 day moving average price is $69.77 and its 200 day moving average price is $61.84. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.89 and a beta of 0.95.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.25%. Booz Allen Hamilton’s dividend payout ratio is presently 33.33%.
Several analysts have issued reports on the company. Wells Fargo & Co lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $71.00 to $74.00 in a research note on Tuesday, July 30th. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Friday, June 28th. Citigroup boosted their price objective on Booz Allen Hamilton from $65.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Cowen reiterated a “buy” rating and issued a $71.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, July 29th. Finally, SunTrust Banks boosted their price objective on Booz Allen Hamilton to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Booz Allen Hamilton currently has an average rating of “Buy” and a consensus target price of $67.30.
In related news, EVP Nancy Laben sold 11,340 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $69.00, for a total transaction of $782,460.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Laura S. Adams sold 780 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $65.63, for a total value of $51,191.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,788 shares of company stock valued at $13,624,612. 2.60% of the stock is owned by corporate insiders.
Booz Allen Hamilton 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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