Victory Capital Management Inc. lessened its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 98.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,754 shares of the business services provider’s stock after selling 2,261,199 shares during the quarter. Victory Capital Management Inc.’s holdings in Booz Allen Hamilton Holding Corporation were worth $1,521,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BAH. BlackRock Inc. lifted its holdings in shares of Booz Allen Hamilton Holding Corporation by 1,951.0% in the first quarter. BlackRock Inc. now owns 8,227,419 shares of the business services provider’s stock valued at $291,169,000 after purchasing an additional 7,826,286 shares in the last quarter. Findlay Park Partners LLP bought a new position in shares of Booz Allen Hamilton Holding Corporation in the first quarter valued at approximately $86,306,000. Prudential Financial Inc. lifted its holdings in shares of Booz Allen Hamilton Holding Corporation by 402.8% in the first quarter. Prudential Financial Inc. now owns 1,634,674 shares of the business services provider’s stock valued at $57,851,000 after purchasing an additional 1,309,550 shares in the last quarter. Rothschild Asset Management Inc. bought a new position in shares of Booz Allen Hamilton Holding Corporation in the first quarter valued at approximately $40,269,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Booz Allen Hamilton Holding Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 14,534,410 shares of the business services provider’s stock valued at $514,372,000 after purchasing an additional 979,130 shares in the last quarter. Institutional investors own 93.63% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/12/victory-capital-management-inc-sells-2261199-shares-of-booz-allen-hamilton-holding-corporation-bah.html.

A number of research analysts have recently weighed in on BAH shares. Cowen and Company restated a “buy” rating and issued a $41.00 target price on shares of Booz Allen Hamilton Holding Corporation in a report on Monday, August 7th. Drexel Hamilton lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.67 to $27.47 in a report on Friday, June 16th. Bank of America Corporation lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a report on Friday, June 16th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Finally, BidaskClub lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.35.

In other Booz Allen Hamilton Holding Corporation news, Director Peter J. Clare acquired 10,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $32.30 per share, with a total value of $323,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Karen M. Dahut sold 36,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $34.02, for a total value of $1,224,720.00. The disclosure for this sale can be found here. Insiders sold a total of 46,001 shares of company stock worth $1,562,454 over the last ninety days. 3.04% of the stock is currently owned by insiders.

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) opened at 34.87 on Tuesday. Booz Allen Hamilton Holding Corporation has a one year low of $29.55 and a one year high of $39.67. The company’s 50-day moving average price is $33.97 and its 200-day moving average price is $35.29. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 20.01 and a beta of 1.31.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This is a boost from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. This represents a $0.68 annualized dividend and a yield of 1.95%. Booz Allen Hamilton Holding Corporation’s dividend payout ratio is 38.86%.

Booz Allen Hamilton Holding Corporation Company 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.

Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Corporation (NYSE:BAH).

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

Receive News & Stock Ratings for Booz Allen Hamilton Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton Holding Corporation and related stocks with our FREE daily email newsletter.