Sumitomo Mitsui Trust Holdings Inc. Has $54.03 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

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Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 30.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 694,505 shares of the business services provider’s stock after selling 299,836 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Booz Allen Hamilton were worth $54,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of BAH. Korea Investment CORP raised its stake in shares of Booz Allen Hamilton by 15.1% in the first quarter. Korea Investment CORP now owns 70,800 shares of the business services provider’s stock worth $4,860,000 after acquiring an additional 9,300 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in shares of Booz Allen Hamilton by 130.7% in the second quarter. Carroll Financial Associates Inc. now owns 1,255 shares of the business services provider’s stock worth $97,000 after acquiring an additional 711 shares during the last quarter. AXA raised its stake in shares of Booz Allen Hamilton by 126.7% in the first quarter. AXA now owns 338,065 shares of the business services provider’s stock worth $23,204,000 after acquiring an additional 188,935 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in shares of Booz Allen Hamilton during the 1st quarter worth approximately $1,445,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the 1st quarter worth approximately $814,000. Institutional investors own 91.41% of the company’s stock.

Booz Allen Hamilton stock opened at $81.76 on Friday. The stock has a market capitalization of $11.30 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81. Booz Allen Hamilton Holding Co. has a twelve month low of $54.37 and a twelve month high of $82.22. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average of $76.17 and a 200-day moving average of $74.79.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 31st. The business services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Booz Allen Hamilton had a net margin of 6.47% and a return on equity of 53.41%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.55 EPS for the current fiscal year.

In other news, Director Gretchen W. Mcclain sold 2,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $78.13, for a total value of $156,260.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Elizabeth M. Thompson sold 15,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $80.20, for a total transaction of $1,203,000.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on BAH shares. Citigroup upgraded shares of Booz Allen Hamilton from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $90.00 in a research report on Monday, April 20th. Goldman Sachs Group cut shares of Booz Allen Hamilton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $88.00 to $79.00 in a research report on Monday, April 20th. Cowen started coverage on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. They set a “buy” rating and a $82.00 price target for the company. SunTrust Banks lowered their price target on shares of Booz Allen Hamilton from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Booz Allen Hamilton from $69.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $82.42.

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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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 Co. (NYSE:BAH).

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

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