Black Creek Investment Management Inc. Has $76.60 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Black Creek Investment Management Inc. reduced its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 44.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 497,711 shares of the business services provider’s stock after selling 404,708 shares during the quarter. Booz Allen Hamilton accounts for approximately 2.9% of Black Creek Investment Management Inc.’s portfolio, making the stock its 13th largest position. Black Creek Investment Management Inc.’s holdings in Booz Allen Hamilton were worth $76,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rathbones Group PLC boosted its holdings in Booz Allen Hamilton by 13.5% during the second quarter. Rathbones Group PLC now owns 343,073 shares of the business services provider’s stock worth $52,799,000 after buying an additional 40,803 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $204,000. Envestnet Asset Management Inc. grew its holdings in Booz Allen Hamilton by 0.3% during the second quarter. Envestnet Asset Management Inc. now owns 947,231 shares of the business services provider’s stock valued at $145,779,000 after purchasing an additional 2,767 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Booz Allen Hamilton by 11.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 23,138 shares of the business services provider’s stock valued at $3,561,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new stake in Booz Allen Hamilton in the second quarter worth $604,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $156.99 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The stock has a market capitalization of $20.30 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.19 and a beta of 0.59. The company has a 50 day moving average of $152.02 and a 200-day moving average of $150.41.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. As a group, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a yield of 1.30%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the sale, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BAH. Jefferies Financial Group boosted their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Barclays lowered their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. Stifel Nicolaus lifted their price objective on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. increased their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $168.00 to $165.00 in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and an average price target of $159.33.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.