Nissay Asset Management Corp Japan ADV Cuts Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Nissay Asset Management Corp Japan ADV lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,561 shares of the business services provider’s stock after selling 780 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Booz Allen Hamilton were worth $1,133,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in Booz Allen Hamilton during the fourth quarter worth approximately $2,650,000. Shine Investment Advisory Services Inc. raised its stake in shares of Booz Allen Hamilton by 186.6% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 407 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 265 shares during the period. Column Capital Advisors LLC purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at $38,000. Sowell Financial Services LLC raised its stake in shares of Booz Allen Hamilton by 123.1% in the 1st quarter. Sowell Financial Services LLC now owns 580 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 320 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in shares of Booz Allen Hamilton by 705.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 620 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 543 shares during the period. 91.41% of the stock is currently owned by institutional investors.

BAH opened at $81.76 on Friday. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.17 and a beta of 0.81. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.66. 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 fifty day simple moving average of $76.17 and a 200 day simple moving average of $74.79.

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

In other Booz Allen Hamilton news, Director Gretchen W. Mcclain sold 2,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $78.13, for a total transaction of $156,260.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth M. Thompson sold 15,000 shares of the firm’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 company insiders.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Booz Allen Hamilton from $69.00 to $81.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Raymond James downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 8th. Citigroup raised shares of Booz Allen Hamilton from a “neutral” rating to a “buy” rating and raised their target price for the company from $80.00 to $90.00 in a research note on Monday, April 20th. Wells Fargo & Co reissued a “buy” rating on shares of Booz Allen Hamilton in a research note on Friday. Finally, Cowen assumed coverage on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. They set a “buy” rating and a $82.00 price target for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Booz Allen Hamilton currently has an average rating of “Buy” and an average price target of $82.42.

About Booz Allen Hamilton

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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