Todays Report: Today, Ngam Advisors L.P. cuts its investment of stake in Booz Allen Hamilton Holding Corp. (BAH)

Today, Ngam Advisors L.P. cuts its investment of stake in Booz Allen Hamilton Holding Corp. (BAH)

Ngam Advisors L.P. decreased its position in Booz Allen Hamilton Holding Corp. (NYSE:BAH) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 496,444 shares of the company’s stock after selling 10,385 shares during the period. Ngam Advisors L.P. owned 0.33% of Booz Allen Hamilton Holding Corp. worth $15,693,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its position in Booz Allen Hamilton Holding Corp. by 11.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,646 shares of the company’s stock worth $108,000 after buying an additional 382 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in Booz Allen Hamilton Holding Corp. by 9.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 4,600 shares of the company’s stock worth $136,000 after buying an additional 400 shares in the last quarter. Citigroup Inc. raised its position in Booz Allen Hamilton Holding Corp. by 165.7% in the second quarter. Citigroup Inc. now owns 5,113 shares of the company’s stock worth $151,000 after buying an additional 3,189 shares in the last quarter. GAM Holding AG acquired a new position in Booz Allen Hamilton Holding Corp. during the second quarter worth about $153,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in Booz Allen Hamilton Holding Corp. by 0.8% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,008 shares of the company’s stock worth $158,000 after buying an additional 42 shares in the last quarter. 91.75% of the stock is owned by institutional investors.

Shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) opened at 36.89 on Friday. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 18.41 and a beta of 1.06. The company has a 50-day moving average of $31.98 and a 200 day moving average of $30.43. Booz Allen Hamilton Holding Corp. has a one year low of $25.03 and a one year high of $37.09.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The firm earned $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Booz Allen Hamilton Holding Corp. had a return on equity of 59.18% and a net margin of 5.48%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 earnings per share. On average, equities analysts forecast that Booz Allen Hamilton Holding Corp. will post $1.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, November 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. This is an increase from Booz Allen Hamilton Holding Corp.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, November 8th. Booz Allen Hamilton Holding Corp.’s dividend payout ratio is 30.00%.

A number of research firms have issued reports on BAH. Jefferies Group reissued a “buy” rating and set a $37.00 price target on shares of Booz Allen Hamilton Holding Corp. in a research report on Saturday, October 8th. Zacks Investment Research raised shares of Booz Allen Hamilton Holding Corp. from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Monday, September 19th. Barclays PLC reissued an “overweight” rating and set a $32.00 price target on shares of Booz Allen Hamilton Holding Corp. in a research report on Sunday, July 31st. Raymond James Financial Inc. raised shares of Booz Allen Hamilton Holding Corp. from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Thursday, October 6th. Finally, Bank of America Corp. raised shares of Booz Allen Hamilton Holding Corp. from a “neutral” rating to a “buy” rating in a report on Friday, November 18th. Nine equities research analysts have rated the stock with a buy rating, Booz Allen Hamilton Holding Corp. has a consensus rating of “Buy” and an average target price of $34.50.

In related news, insider Joseph Logue sold 43,777 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $31.59, for a total value of $1,382,915.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.76% of the stock is owned by corporate insiders.

Booz Allen Hamilton Holding Corp. 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.

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