Jennison Associates LLC cut its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,216 shares of the business services provider’s stock after selling 2,284 shares during the period. Jennison Associates LLC’s holdings in Booz Allen Hamilton were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $26,000. Advisors Preferred LLC purchased a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $26,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Booz Allen Hamilton by 47.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 821 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 264 shares during the last quarter. Pearl River Capital LLC purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $37,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $46,000. 94.62% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on BAH shares. SunTrust Banks increased their target price on shares of Booz Allen Hamilton to $69.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Morgan Stanley started coverage on shares of Booz Allen Hamilton in a research report on Monday, June 3rd. They issued an “overweight” rating and a $70.00 target price on the stock. Goldman Sachs Group started coverage on shares of Booz Allen Hamilton in a research report on Thursday, May 9th. They issued a “buy” rating on the stock. Jefferies Financial Group increased their target price on shares of Booz Allen Hamilton from $61.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Finally, Zacks Investment Research downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $59.90.
Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Tuesday, May 28th. The business services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Booz Allen Hamilton had a net margin of 6.24% and a return on equity of 60.67%. Booz Allen Hamilton’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. On average, research analysts forecast that Booz Allen Hamilton Holding Co. will post 3.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio is currently 33.33%.
In related news, VP Laura S. Adams sold 780 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $65.63, for a total transaction of $51,191.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.
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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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