Bailard Inc. cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 23.2% in the 2nd quarter, Holdings Channel reports. The firm owned 55,600 shares of the business services provider’s stock after selling 16,800 shares during the quarter. Bailard Inc.’s holdings in Booz Allen Hamilton were worth $2,431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Twin Tree Management LP bought a new stake in Booz Allen Hamilton in the second quarter valued at approximately $241,000. Gideon Capital Advisors Inc. bought a new stake in Booz Allen Hamilton in the second quarter valued at approximately $710,000. Quantitative Systematic Strategies LLC bought a new stake in Booz Allen Hamilton in the second quarter valued at approximately $422,000. Anchor Capital Advisors LLC raised its stake in Booz Allen Hamilton by 39.5% in the second quarter. Anchor Capital Advisors LLC now owns 592,779 shares of the business services provider’s stock valued at $25,922,000 after buying an additional 167,815 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Booz Allen Hamilton in the second quarter valued at approximately $144,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 31st. Drexel Hamilton reiterated a “hold” rating on shares of Booz Allen Hamilton in a research note on Monday, July 30th. Vertical Research lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Monday, July 9th. Finally, ValuEngine upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $47.60.

In related news, EVP Elizabeth M. Thompson sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $47.49, for a total transaction of $712,350.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ralph W. Shrader sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $47.19, for a total value of $1,415,700.00. The disclosure for this sale can be found here. Insiders have sold 369,600 shares of company stock worth $16,619,672 in the last three months. 3.56% of the stock is currently owned by company insiders.

Shares of NYSE BAH opened at $49.74 on Friday. The company has a market cap of $7.00 billion, a PE ratio of 24.50, a PEG ratio of 1.76 and a beta of 1.12. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.48 and a current ratio of 1.48. Booz Allen Hamilton Holding Co. has a 1-year low of $33.38 and a 1-year high of $49.79.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Monday, July 30th. The business services provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.14. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.59 billion. Booz Allen Hamilton had a return on equity of 57.00% and a net margin of 5.21%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. equities research analysts predict that Booz Allen Hamilton Holding Co. will post 2.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Tuesday, August 14th will be paid a dividend of $0.19 per share. The ex-dividend date 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 dividend payout ratio (DPR) is currently 37.81%.

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

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