Congress Asset Management Co. MA decreased its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 2.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 223,715 shares of the business services provider’s stock after selling 5,616 shares during the period. Congress Asset Management Co. MA owned 0.15% of Booz Allen Hamilton Holding Corporation worth $7,917,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its position in shares of Booz Allen Hamilton Holding Corporation by 13.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 125,781 shares of the business services provider’s stock valued at $4,537,000 after buying an additional 15,113 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Booz Allen Hamilton Holding Corporation during the fourth quarter valued at about $3,385,000. Mackenzie Financial Corp boosted its position in shares of Booz Allen Hamilton Holding Corporation by 13.2% in the third quarter. Mackenzie Financial Corp now owns 32,558 shares of the business services provider’s stock valued at $1,029,000 after buying an additional 3,790 shares during the period. Clinton Group Inc. purchased a new position in shares of Booz Allen Hamilton Holding Corporation during the third quarter valued at about $1,310,000. Finally, Analytic Investors LLC boosted its position in shares of Booz Allen Hamilton Holding Corporation by 8.6% in the third quarter. Analytic Investors LLC now owns 2,202,258 shares of the business services provider’s stock valued at $69,614,000 after buying an additional 175,020 shares during the period. Institutional investors own 98.14% of the company’s stock.

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

Shares of Booz Allen Hamilton Holding Corporation (NYSE BAH) opened at 31.90 on Friday. The stock’s 50 day moving average price is $37.33 and its 200 day moving average price is $36.26. Booz Allen Hamilton Holding Corporation has a 1-year low of $27.47 and a 1-year high of $39.67. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 19.16 and a beta of 1.21.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last issued its earnings results on Monday, May 22nd. The business services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.35% and a return on equity of 49.46%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts expect that Booz Allen Hamilton Holding Corporation will post $1.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Saturday, June 10th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, June 7th. Booz Allen Hamilton Holding Corporation’s payout ratio is 40.72%.

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Several brokerages have recently issued reports on BAH. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Booz Allen Hamilton Holding Corporation in a research report on Friday. Wells Fargo & Company reiterated an “outperform” rating and set a $40.00 price target (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Friday. Drexel Hamilton cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.67 to $27.47 in a research report on Friday. Vertical Research cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $42.00 to $36.00 in a research report on Friday. Finally, Bank of America Corporation cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.35.

In other Booz Allen Hamilton Holding Corporation news, CFO Lloyd Howell, Jr. sold 24,140 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $38.51, for a total transaction of $929,631.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joseph W. Mahaffee sold 120,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $38.25, for a total transaction of $4,590,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 239,140 shares of company stock valued at $9,225,081 in the last quarter. Corporate insiders own 3.76% of the company’s stock.

About Booz Allen Hamilton Holding Corporation

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.

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