Magnetar Financial LLC Reduces Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Magnetar Financial LLC trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 73.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,065 shares of the business services provider’s stock after selling 19,430 shares during the quarter. Magnetar Financial LLC’s holdings in Booz Allen Hamilton were worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BAH. Opal Wealth Advisors LLC acquired a new stake in Booz Allen Hamilton during the second quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $29,000. Banque Cantonale Vaudoise raised its position in shares of Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after buying an additional 109 shares during the period. Innealta Capital LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at approximately $34,000. Finally, MCF Advisors LLC grew its position in Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after acquiring an additional 115 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen decreased their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $168.00 to $165.00 in a report on Monday, July 29th. Jefferies Financial Group lifted their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Barclays decreased their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and an average target price of $159.33.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock opened at $159.83 on Tuesday. The business has a 50-day simple moving average of $152.15 and a 200-day simple moving average of $150.79. The company has a market cap of $20.67 billion, a PE ratio of 34.75, a P/E/G ratio of 2.19 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a one year low of $106.90 and a one year high of $164.43. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. On average, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.28%. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.