Virginia Retirement Systems ET AL Buys 2,400 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Virginia Retirement Systems ET AL increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,500 shares of the business services provider’s stock after purchasing an additional 2,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in Booz Allen Hamilton were worth $2,350,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hanseatic Management Services Inc. boosted its stake in shares of Booz Allen Hamilton by 1.1% during the second quarter. Hanseatic Management Services Inc. now owns 14,987 shares of the business services provider’s stock valued at $992,000 after purchasing an additional 167 shares in the last quarter. OmniStar Financial Group Inc. boosted its stake in shares of Booz Allen Hamilton by 2.6% during the first quarter. OmniStar Financial Group Inc. now owns 11,814 shares of the business services provider’s stock valued at $687,000 after purchasing an additional 294 shares in the last quarter. Strs Ohio boosted its stake in shares of Booz Allen Hamilton by 4.6% during the second quarter. Strs Ohio now owns 6,691 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 294 shares in the last quarter. Hollencrest Capital Management boosted its stake in shares of Booz Allen Hamilton by 4.8% during the first quarter. Hollencrest Capital Management now owns 6,497 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 298 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Booz Allen Hamilton by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 22,721 shares of the business services provider’s stock valued at $1,321,000 after purchasing an additional 337 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

BAH has been the topic of a number of recent research reports. Wells Fargo & Co lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $71.00 to $74.00 in a research note on Tuesday, July 30th. Jefferies Financial Group lifted their price target on Booz Allen Hamilton from $61.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. SunTrust Banks lifted their price target on Booz Allen Hamilton to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Morgan Stanley initiated coverage on Booz Allen Hamilton in a research note on Monday, June 3rd. They issued an “overweight” rating and a $70.00 price objective on the stock. Finally, Citigroup lifted their price objective on Booz Allen Hamilton from $65.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.70.

In other news, CFO Lloyd Howell, Jr. sold 74,279 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $67.19, for a total transaction of $4,990,806.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Laura S. Adams sold 780 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $65.63, for a total value of $51,191.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,788 shares of company stock valued at $13,624,612. Corporate insiders own 2.60% of the company’s stock.

BAH stock traded up $0.16 during mid-day trading on Friday, reaching $72.41. The company’s stock had a trading volume of 666,740 shares, compared to its average volume of 1,043,437. The company has a market capitalization of $9.88 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The business’s 50 day moving average price is $67.92. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.75 and a current ratio of 1.75. Booz Allen Hamilton Holding Co. has a 12 month low of $43.24 and a 12 month high of $72.78.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Monday, July 29th. The business services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.11. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.79 billion. Booz Allen Hamilton had a return on equity of 59.44% and a net margin of 6.27%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Research analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.92 annualized dividend and a dividend yield of 1.27%. Booz Allen Hamilton’s dividend payout ratio is 33.33%.

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

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