Booz Allen Hamilton Holding Co. (BAH) Shares Sold by Mesirow Financial Investment Management Equity Management

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Mesirow Financial Investment Management Equity Management lessened its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,860 shares of the business services provider’s stock after selling 5,310 shares during the quarter. Mesirow Financial Investment Management Equity Management’s holdings in Booz Allen Hamilton were worth $1,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAH. American Century Companies Inc. increased its stake in Booz Allen Hamilton by 157.6% in the third quarter. American Century Companies Inc. now owns 4,971,183 shares of the business services provider’s stock valued at $246,720,000 after acquiring an additional 3,041,524 shares during the last quarter. BlackRock Inc. grew its stake in shares of Booz Allen Hamilton by 22.3% during the third quarter. BlackRock Inc. now owns 10,163,902 shares of the business services provider’s stock valued at $504,433,000 after buying an additional 1,853,333 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Booz Allen Hamilton by 541.4% during the third quarter. JPMorgan Chase & Co. now owns 1,885,425 shares of the business services provider’s stock valued at $93,574,000 after buying an additional 1,591,484 shares during the last quarter. Retirement Systems of Alabama bought a new position in shares of Booz Allen Hamilton during the third quarter valued at about $23,574,000. Finally, Wells Fargo & Company MN grew its stake in shares of Booz Allen Hamilton by 12.1% during the third quarter. Wells Fargo & Company MN now owns 3,882,800 shares of the business services provider’s stock valued at $192,703,000 after buying an additional 420,157 shares during the last quarter. 94.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:BAH opened at $53.46 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.54. The stock has a market cap of $7.63 billion, a PE ratio of 26.60, a P/E/G ratio of 1.39 and a beta of 1.14. Booz Allen Hamilton Holding Co. has a 12-month low of $36.78 and a 12-month high of $54.74.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, February 1st. The business services provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.14. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.60 billion. Booz Allen Hamilton had a net margin of 6.31% and a return on equity of 61.40%. Booz Allen Hamilton’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, analysts anticipate that Booz Allen Hamilton Holding Co. will post 2.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th will be issued a dividend of $0.23 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.19. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Wednesday, February 13th. Booz Allen Hamilton’s dividend payout ratio is currently 37.81%.

A number of research analysts have recently issued reports on BAH shares. Drexel Hamilton reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a research note on Monday, October 29th. Wells Fargo & Co raised their price objective on Booz Allen Hamilton from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, October 30th. Raymond James raised their price objective on Booz Allen Hamilton from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, October 29th. Bank of America cut Booz Allen Hamilton from a “neutral” rating to an “underperform” rating and set a $50.00 price objective on the stock. in a research note on Monday, November 5th. Finally, Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $53.63.

In other news, Director Charles O. Rossotti sold 10,000 shares of the stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $53.26, for a total transaction of $532,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Horacio Rozanski sold 45,000 shares of the stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $49.00, for a total transaction of $2,205,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.56% of the company’s stock.

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Booz Allen Hamilton 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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