AQR Capital Management LLC Increases Stake in Booz Allen Hamilton Holding Corporation (BAH)

AQR Capital Management LLC raised its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 43.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,321,366 shares of the business services provider’s stock after buying an additional 704,968 shares during the period. AQR Capital Management LLC owned 1.55% of Booz Allen Hamilton Holding Corporation worth $82,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Booz Allen Hamilton Holding Corporation during the fourth quarter valued at approximately $3,385,000. State Board of Administration of Florida Retirement System increased its position in Booz Allen Hamilton Holding Corporation by 13.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 125,781 shares of the business services provider’s stock valued at $4,537,000 after buying an additional 15,113 shares during the period. Comerica Bank acquired a new position in Booz Allen Hamilton Holding Corporation during the fourth quarter valued at approximately $307,000. State Street Corp increased its position in Booz Allen Hamilton Holding Corporation by 0.8% in the fourth quarter. State Street Corp now owns 1,621,809 shares of the business services provider’s stock valued at $58,496,000 after buying an additional 12,359 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Booz Allen Hamilton Holding Corporation by 85.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,986 shares of the business services provider’s stock valued at $613,000 after buying an additional 7,830 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Booz Allen Hamilton Holding Corporation (BAH) traded down 0.71% on Tuesday, hitting $32.23. 1,374,532 shares of the stock traded hands. The firm has a 50 day moving average price of $37.23 and a 200 day moving average price of $36.20. The firm has a market cap of $4.77 billion, a PE ratio of 19.36 and a beta of 1.21. Booz Allen Hamilton Holding Corporation has a 52-week low of $27.47 and a 52-week high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last issued its quarterly earnings data on Monday, May 22nd. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 49.46% and a net margin of 4.35%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. On average, equities analysts forecast that Booz Allen Hamilton Holding Corporation will post $1.88 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Saturday, June 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.68 annualized dividend and a yield of 2.11%. Booz Allen Hamilton Holding Corporation’s payout ratio is presently 40.72%.

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BAH has been the topic of several research reports. Vertical Research initiated coverage on shares of Booz Allen Hamilton Holding Corporation in a research note on Thursday, March 16th. They set a “buy” rating and a $42.00 price target on the stock. Jefferies Group LLC set a $41.00 price target on shares of Booz Allen Hamilton Holding Corporation and gave the stock a “buy” rating in a research note on Thursday, March 16th. Vertical Group reissued a “buy” rating and set a $42.00 price target on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, March 17th. Evercore ISI initiated coverage on shares of Booz Allen Hamilton Holding Corporation in a research note on Tuesday, April 4th. They set an “in-line” rating and a $38.00 price target on the stock. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, April 4th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.35.

In related news, CAO Joseph W. Mahaffee sold 50,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $39.00, for a total transaction of $1,950,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Lloyd Howell, Jr. sold 24,140 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $38.51, for a total value of $929,631.40. The disclosure for this sale can be found here. Insiders have sold a total of 239,140 shares of company stock worth $9,225,081 in the last 90 days. 3.76% of the stock is currently owned by 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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