Icon Advisers Inc. Co. trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 10.3% in the third quarter, Holdings Channel reports. The fund owned 47,800 shares of the business services provider’s stock after selling 5,500 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Booz Allen Hamilton were worth $2,372,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAH. SG Americas Securities LLC purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at $144,000. Steward Partners Investment Advisory LLC grew its position in shares of Booz Allen Hamilton by 85.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 1,756 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at $208,000. Welch & Forbes LLC purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at $212,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at $213,000. 94.00% of the stock is owned by institutional investors.
In other Booz Allen Hamilton news, insider Kristine Anderson sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $51.54, for a total transaction of $1,030,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph W. Shrader sold 30,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $51.06, for a total value of $1,531,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,985 shares of company stock valued at $3,012,890. 3.56% of the stock is owned by company insiders.
Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a return on equity of 58.75% and a net margin of 5.50%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 2.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.81%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Monday, July 16th. Credit Suisse Group lifted their price objective on Booz Allen Hamilton from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, October 30th. Bank of America downgraded Booz Allen Hamilton from a “neutral” rating to an “underperform” rating and set a $50.00 price objective for the company. in a research report on Monday. Drexel Hamilton reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a research report on Monday, July 30th. Finally, Cowen reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $53.22.
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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