Booz Allen Hamilton Holding Co. (BAH) Position Cut by Waddell & Reed Financial Inc.

Waddell & Reed Financial Inc. lessened its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,547,880 shares of the business services provider’s stock after selling 106,110 shares during the quarter. Waddell & Reed Financial Inc. owned about 1.09% of Booz Allen Hamilton worth $67,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in Booz Allen Hamilton during the 2nd quarter valued at approximately $213,000. Marshall Wace LLP bought a new stake in Booz Allen Hamilton during the 2nd quarter valued at approximately $7,438,000. Cubist Systematic Strategies LLC raised its stake in Booz Allen Hamilton by 260.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 67,068 shares of the business services provider’s stock valued at $2,933,000 after purchasing an additional 48,445 shares during the period. Point72 Asset Management L.P. bought a new stake in Booz Allen Hamilton during the 2nd quarter valued at approximately $3,512,000. Finally, Bank of America Corp DE raised its stake in Booz Allen Hamilton by 18.9% during the 2nd quarter. Bank of America Corp DE now owns 1,014,530 shares of the business services provider’s stock valued at $44,365,000 after purchasing an additional 161,426 shares during the period. 94.36% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on BAH shares. ValuEngine raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, July 16th. Cowen reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Booz Allen Hamilton in a research note on Friday, May 18th. SunTrust Banks lifted their price objective on Booz Allen Hamilton from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Finally, Bank of America lifted their price objective on Booz Allen Hamilton from $40.00 to $47.00 and gave the stock a “hold” rating in a research note on Friday, June 8th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $47.60.

NYSE:BAH opened at $52.41 on Friday. 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 $34.33 and a 1 year high of $52.54. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.86 and a beta of 1.12.

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

The business also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Tuesday, August 14th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Monday, August 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 37.81%.

In other news, Director Ralph W. Shrader sold 30,000 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $43.91, for a total value of $1,317,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kristine Anderson sold 20,000 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $51.54, for a total value of $1,030,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,985 shares of company stock valued at $9,239,240. Company insiders own 3.56% of the company’s stock.

About Booz Allen Hamilton

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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