Rhumbline Advisers Boosts Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Rhumbline Advisers grew its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 18.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,737 shares of the business services provider’s stock after buying an additional 24,501 shares during the quarter. Rhumbline Advisers owned 0.11% of Booz Allen Hamilton Holding Corporation worth $5,230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.6% during the second quarter. Teacher Retirement System of Texas now owns 11,980 shares of the business services provider’s stock valued at $390,000 after buying an additional 66 shares during the last quarter. Somerset Trust Co grew its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.5% during the second quarter. Somerset Trust Co now owns 14,022 shares of the business services provider’s stock valued at $457,000 after buying an additional 75 shares during the last quarter. Coe Capital Management LLC grew its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.4% during the first quarter. Coe Capital Management LLC now owns 44,865 shares of the business services provider’s stock valued at $1,588,000 after buying an additional 195 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.7% during the first quarter. Blair William & Co. IL now owns 29,436 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 201 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Booz Allen Hamilton Holding Corporation by 2.8% during the first quarter. Comerica Bank now owns 8,689 shares of the business services provider’s stock valued at $314,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.

In other news, insider Karen M. Dahut sold 36,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $34.02, for a total transaction of $1,224,720.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Elizabeth M. Thompson sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $33.77, for a total transaction of $337,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,001 shares of company stock worth $1,562,454. Insiders own 3.04% of the company’s stock.

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Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) traded up 2.32% during mid-day trading on Friday, reaching $35.25. 1,815,000 shares of the company’s stock traded hands. 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 $5.24 billion, a price-to-earnings ratio of 20.22 and a beta of 1.31. The firm’s 50 day moving average price is $34.09 and its 200-day moving average price is $35.25.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.52 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.50% and a return on equity of 48.35%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. Equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post $1.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, August 10th. This is an increase from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. Booz Allen Hamilton Holding Corporation’s dividend payout ratio (DPR) is presently 38.86%.

Several research analysts recently weighed in on BAH shares. Jefferies Group LLC cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Monday, July 17th. Cowen and Company restated a “buy” rating and set a $41.00 price target (down from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Monday, June 26th. BidaskClub cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Wells Fargo & Company restated an “outperform” rating and set a $40.00 price target (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Finally, Bank of America Corporation cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a report on Friday, June 16th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $37.35.

Booz Allen Hamilton Holding Corporation 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.

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

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