Nomura Asset Management Co. Ltd. raised its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,470 shares of the business services provider’s stock after buying an additional 250 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Booz Allen Hamilton Holding Corporation were worth $123,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Nuveen Asset Management LLC boosted its stake in shares of Booz Allen Hamilton Holding Corporation by 14.1% in the first quarter. Nuveen Asset Management LLC now owns 450,057 shares of the business services provider’s stock worth $15,928,000 after buying an additional 55,788 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Booz Allen Hamilton Holding Corporation by 32.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,276,177 shares of the business services provider’s stock valued at $45,163,000 after buying an additional 315,205 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in Booz Allen Hamilton Holding Corporation by 0.4% in the first quarter. D Orazio & Associates Inc. now owns 853,794 shares of the business services provider’s stock valued at $30,216,000 after buying an additional 3,391 shares in the last quarter. Janus Capital Management LLC boosted its stake in Booz Allen Hamilton Holding Corporation by 42.0% in the first quarter. Janus Capital Management LLC now owns 198,400 shares of the business services provider’s stock valued at $7,021,000 after buying an additional 58,700 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in Booz Allen Hamilton Holding Corporation by 29.5% in the first quarter. Credit Suisse AG now owns 371,558 shares of the business services provider’s stock valued at $13,149,000 after buying an additional 84,586 shares in the last quarter. 90.88% of the stock is owned by institutional investors.
Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) traded up 0.74% on Wednesday, reaching $33.95. The company’s stock had a trading volume of 1,546,380 shares. The firm’s 50-day moving average price is $33.47 and its 200-day moving average price is $35.32. Booz Allen Hamilton Holding Corporation has a 12 month low of $29.55 and a 12 month high of $39.67. The stock has a market cap of $5.05 billion, a P/E ratio of 19.48 and a beta of 1.31.
Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its earnings results on Monday, August 7th. The business services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. Booz Allen Hamilton Holding Corporation’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, analysts forecast that Booz Allen Hamilton Holding Corporation will post $1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 14th will be given a $0.17 dividend. This is an increase from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, August 10th. This represents a $0.68 dividend on an annualized basis and a yield of 2.00%. Booz Allen Hamilton Holding Corporation’s payout ratio is presently 38.86%.
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BAH has been the subject of several recent analyst reports. Barclays PLC cut shares of Booz Allen Hamilton Holding Corporation from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a research report on Monday, May 1st. Zacks Investment Research cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Cowen and Company reaffirmed a “buy” rating and set a $43.00 price objective on shares of Booz Allen Hamilton Holding Corporation in a research report on Monday, May 22nd. Wells Fargo & Company reaffirmed an “outperform” rating and set a $42.00 price objective (up previously from $36.50) on shares of Booz Allen Hamilton Holding Corporation in a research report on Tuesday, May 23rd. Finally, Vertical Research downgraded Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $42.00 to $36.00 in a research note on Friday, June 16th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.35.
In other news, Director Ian Fujiyama bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $33.26 per share, for a total transaction of $498,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter J. Clare purchased 10,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $32.30 per share, for a total transaction of $323,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 239,140 shares of company stock valued at $9,225,081 in the last 90 days. 3.04% of the stock is currently owned by corporate insiders.
Booz Allen Hamilton Holding Corporation Company 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.
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